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Consider a company that is building 10 apartments and assume that the company will be able to rent all the units once the construction is

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Consider a company that is building 10 apartments and assume that the company will be able to rent all the units once the construction is finished. The total construction cost is $1,000,000, annual insurance cost is $200,000 and assume that there is no salvage value. If the useful life of the building is 10 years, calculate minimum monthly rent for a unit in order to cover the cost of this investment if MARR is 10% Select one: a. 1785 b. 3022 c. 1000 d. 2000 e. 4821 f. 10000

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