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A manager of 4 6 8 , 0 0 0 square foot medical office building recommends renovating the building's common areas and main lobby. Local

A manager of 468,000 square foot medical office building recommends renovating the building's common areas and main lobby. Local bids indicate that the improvements would cost $1.2 million to complete. The manager states that the aesthetic upgrades would increase average rents by $0.20sfmonth. What would the payback period be for this recommendation?
A.26 months
B.13 months
C.18 months
D.31 months
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