A development has 30 lots that have been in inventory for four years. The market will limilt sales to six lots a year. Lot prices will be stable for three years but Gien increase by 5% per year, There are various values on the lots, but the average market value today is $48, 000. The teal ettale lawes are 5200 per lot for it in tiviniticy if previous year. Sales commissions are 3% of gross sales. Sinco the lets are already bult, the market appears to be recovering the entreprenuriel incentive is onify 15% of the gross sale peice of each lot. There is $35.000 of deferred maintenance and wbout 51,000 per year in ongoing maintenance. What is the value of a the is today it the discount rate is 10% and there is annual accounting? Provide estimate to the nearest thousand. $714,000 \$4,040,000 5812,000 51,543,000 $837,000 5665,000 A development has 30 lots that have been in inventory for four years. The market will limilt sales to six lots a year. Lot prices will be stable for three years but Gien increase by 5% per year, There are various values on the lots, but the average market value today is $48, 000. The teal ettale lawes are 5200 per lot for it in tiviniticy if previous year. Sales commissions are 3% of gross sales. Sinco the lets are already bult, the market appears to be recovering the entreprenuriel incentive is onify 15% of the gross sale peice of each lot. There is $35.000 of deferred maintenance and wbout 51,000 per year in ongoing maintenance. What is the value of a the is today it the discount rate is 10% and there is annual accounting? Provide estimate to the nearest thousand. $714,000 \$4,040,000 5812,000 51,543,000 $837,000 5665,000