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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
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
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