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Abigail, Beth, Charlie, and Darla all go in on a 3 0 0 - acre hunting camp in Pike County. Most of the land is
Abigail, Beth, Charlie, and Darla all go in on a acre hunting camp in Pike County. Most of the land is beautiful, undeveloped forest but there is a small cabin on the property with a sizeable fishing pond out behind it The only problem they can foresee is that the cabin is too small for all four of them to bring their families out at the same time. Undeterred, they get a lawyer to draft up an agreement making the foursome coowners of the property in joint tenancy. Their ownership interests are as follows:
Abigail
Beth
Charlie
Darla
Question: Say the foursome rent out the cabin from time to time, and earn $ per year in rental income. Also say the total cost of property taxes and maintenance comes to about of $ per year. What is Charlie's net profit from his ownership interest in the property?
$
$
$
$
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