An Investor has bought some land to construct a residential building on it. The following three alternative buildings are being considered: Studio 11-Bedroom Apartment Cost of building including cost of land 404.196 793.133 Resale values of land and building at end of 214.899 317,863 20. year analysis period Annual rental income after deducting all 70,770 103.214 eperating expenses Resale value needs to be deducted from the cost, rather than added as a benefit The interest rate for this investor is 8. The analysis period is 20 years The benefit-cost ratio of the 1-Bedroom Apartment aternative rather than the Studio alternative incremental of 1-Bedroom Apartment and Studio) is closest to: Write your answer to the nearest 3 decimal places (e.g. 1.234)