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Assume: Purchase price of the land 26976.00 Real estate commission (%) of the purchase price 8.90 Demolition of old building on site 3965.04 Sale of

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Assume: Purchase price of the land 26976.00 Real estate commission (%) of the purchase price 8.90 Demolition of old building on site 3965.04 Sale of scrap from old building 2339.37 Construction cost of the new building 165210.00 Land survey costs 2913.41 Back taxes 3156.19 Architect fees 20651.25 The initial value of the building is

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