Homework: Homework #5 Question 3, Problem 5-13 (algorithmic) HW Score: 68.42%, 684 of 10 points Points: 0 of 1 Save You are considering the purchase of a parking deck close to your office building. The parking deck is a 15-year old structure with an estimated mining service of 25 years. The tenants have recently signed long-term which you to believe that the curent rental income of $200,000 per year will remain constant for the first five years, Then the rental income will increase by 20% for every five-year interval over the remaining asset is. Thus the annual rental income be $348.000 for years through 10, 5417800 for years 11 through 15, 001,120 for years 16 through 20, and $601.344 for years 21 through 25 You estimate that operating expenses, including income taxes, be 174,000 for th that they will increase by $5,000 each year thereafter You estimate that racing the building and selling the lot on which stands t money seewhere and thereby eam interest at the nale of 14% per annum, what would be the maximum amount you would be willing to pay for the panking s realize a net amount of $230,000 at the end of the 25-year period. If you had the opportunity to invest your Click the icon to vine the interest factors for discrete compounding when/14% per year The maximum amount you would be willing to Etext pages Clear all Check answer Calculator Get more help