Betty owns a commercial building and is considering putting a bakery in there. She paid $300,000 for the building years ago but owns it outright. She could sell today for $500,000 or collect $12000 rent per year in perpetuity. Assuming annual interest rates are currently 6% what is the correct value to put on the building when she evaluates the bakery project? b. Betty has already spent $10,000 bringing the electric up to code on her building. If she goes ahead with the bakery, she will need to spend $30,000 on new equipment. Including your answer to a what is the correct figure to use for the initial investment?