BIC also likes the idea of a development project and is considering the purchase of some raw land. A lot that is currently undergoing a change in zoning can support either an office building or a retail complex. Based upon market data, BIC has made the following estimates. The income and expense values are at the end of the current year (i.e., standard direct capitalization to determine the present value of the benefits) and the costs are in present value terms. Use the categories of EGI, OE, and NOI to compute the PV benefits. A) What is the NPV of office venture? (10 points) B) What is the NPV of retail venture? (10 points) BIC also likes the idea of a development project and is considering the purchase of some raw land. A lot that is currently undergoing a change in zoning can support either an office building or a retail complex. Based upon market data, BIC has made the following estimates. The income and expense values are at the end of the current year (i.e., standard direct capitalization to determine the present value of the benefits) and the costs are in present value terms. Use the categories of EGI, OE, and NOI to compute the PV benefits. A) What is the NPV of office venture? (10 points) B) What is the NPV of retail venture? (10 points)