Case 27-3 Holder in Due Course/Holder: Georg v. Metro Fixtures Contractors Inc. summary

The Porter Beverage Factory owns a building for its operations. Porter uses only half of the buliding and is considering two options for the unused space. The Popcorn Store would like to purchase the half of the building that is not being used for $740,000. A 8% commission would have to be paid at the time of purchase. Salty Snacks. would like to lease half of the building for the next 5 years at $195,400 each year. Porter would have to continue paying $64,700 of property taxes each year and $12,300 of yearly insurance on the property, according to the proposed lease agreement. Determine the differential profit or loss from the lease alternative. Enter a loss os a negative number