Given the present values below for each use category; Use Category: Land Value Current Year Option 1 Agricultural $900,000 Option 2 Apartment $750,000 Question: Assuming agricultural land value is increasing 3% per year and apartment land value in increasing 7% per year, what is the implied interim use period? Construct your graph on the next worksheet, Tab 12 Plot your answer on a graph similar in design to the exhibit in the Lecture for Chapter 17-18 Highest and Best Use PowerPoint Slide # 11 (see picture below) 5260.000 $250,000 Value Summary Year Residential Commercial 0 $ 220,000 $ 214,000 1 S 224,400 $ 220,420 2 $ 228,888 $ 227,033 3 $ 233,466 $ 233,844 4 $ 238,135 $ 240,859 5 $ 242,898 $ 248,085 5240,000 Value $20.000 $220,000 5210.000 $200.000 Year ---Comed Given the present values below for each use category; Use Category: Land Value Current Year Option 1 Agricultural $900,000 Option 2 Apartment $750,000 Question: Assuming agricultural land value is increasing 3% per year and apartment land value in increasing 7% per year, what is the implied interim use period? Construct your graph on the next worksheet, Tab 12 Plot your answer on a graph similar in design to the exhibit in the Lecture for Chapter 17-18 Highest and Best Use PowerPoint Slide # 11 (see picture below) 5260.000 $250,000 Value Summary Year Residential Commercial 0 $ 220,000 $ 214,000 1 S 224,400 $ 220,420 2 $ 228,888 $ 227,033 3 $ 233,466 $ 233,844 4 $ 238,135 $ 240,859 5 $ 242,898 $ 248,085 5240,000 Value $20.000 $220,000 5210.000 $200.000 Year ---Comed