Calculate the Profit & Risk factor reflected in the following development data. NOTE: Round your answer to 2 decimal places.

Gross Realisation $ 4,000,000

Selling Costs $210,000 (payable on settlements)

DEVELOPMENT COSTS

Soft Costs $ 300,000

Hard Costs $ 1,200,000

Interest on Development Costs $ 75,000

SITE COSTS

Land Purchase Price $ 1,300,000

Acquisition Costs $ 100,000

Interest on Land & Acquisition Costs $140,000