BUSINESS CASE #1 Your brother attends the University ofVirginia and expects to graduate this coming December. He has a job in California that pays $40,000 per year waiting for him. and he must report to work on January 15. 1999. He has no otherjob offers available to him. A potentially tricky decision faces your brother because he owns a small $40,000 house in Chariottesville, and the housing market is in the doldrums. Two years ago when he purchased the house, he made a $4.000 cash payment on it. He continues to make $310 per month mortgage payments Your brother prefers not to rent the house because ofall the headaches involved. His realtor in Charlottesyille says the house can be sold for $34,000 immediately. Ifyour brother wants at least $40,000 for the house, the realtor says it probably won't sell for another 15-18 months. The cost of moving to California is estimated to be $5,000 if your brother uses professional movers However, he can pack and me himself for $2,000. also he plans to rent an apartment in |IZaIifomia for $600 per month. He has a pet cat that is named \"Blue,\" and your brother will take his cat to California in January. What should your brother do? Give him advice by using each of the seven principles. 7 Principles of Engineering Economy 1 Develop the alternatives. 5 Consider all relevant criteria. 2 Focus on the differences. 6 Make uncertainty explicit. 3 Use a consistent viewpoint. 7 Revisit your decisions. 4 Use a common unit of measure