A building is costing OMR 30,000 out of which OMR 10,000 is towards cost of land and remaining for building. The need to spend OMR 5,000 towards renovation of the building. The building is expected to have a useful life of 25 years. It requires to spend OMR 1,500 for the annual repairs and 10% of the building cost towards insurance. The opportunity cost of the amount used to purchase the building is expected to be 12%. Alternatively, we can lease the building with an annual rent of OMR 5,000 and incur cost of insurance, and annual repairs. Evaluate the Annual Leasing Cost of the Building, Select one: O A. OMR 9,000 OB. OMR 7,500 O C. None of the given options OD. OMR 8,000