An old commercial building in a major suburb was recently sold for $6.9M for redevelopment. The estimated annual net rental income is $7,100,000, the net realisation of the proposed new building is $68,160,000, and the total development cost is $44,275,000. If Capital profit = net sale value - total development cost, what is the capital profit for this redevelopment? $25,830,000 $23,885,000 $20,350,000 $28,950,000.