**I don't always get the full answer to the question, please let me know how I can get this. There are problems A,B,C. Please note that these formulas can be done through an excel document using present value formulas and will be more accurately than by doing by hand. Thanks for your review and thoughts on this problem.

Problem:

Ben Ryatt, professor of languages at a southern university, owns a small office building adjacent to the university campus. He acquired the property 12 years ago at a total cost of $620,000$57,000 for the land and $563,000 for the building. He has just received an offer from a realty company that wants to purchase the property; however, the property has been a good source of income over the years, so Professor Ryatt is unsure whether he should keep it or sell it. His alternatives are:

Keep the property. Professor Ryatt's accountant has kept careful records of the income realized from the property over the past 10 years. These records indicate the following annual revenues and expenses Rental receipts Less building expenses $158,000 Utilities Depreciation of building Property taxes and insurance Repairs and maintenance Custodial help and supplies 28,700 18,200 19,800 10,700 43,700 121,100 Net operating income $ 36,900 Professor Ryatt makes a $12,700 mortgage payment each year on the property. The mortgage will be paid off in 10 more years. He has been depreciating the building by the straight-line method, assuming a salvage value of $9,200 for the building, which he still thinks is an appropriate figure. He feels sure that the building can be rented for another 14 years. He also feels sure that 14 years from now the land will be worth 1.42 times what he paid for it. Sell the property. A realty company has offered to purchase the property by paying $210,000 immediately and $20,000 per year for the next 14 years. Control of the property would go to the realty company immediately. To sell the property, Professor Ryatt would need to pay the mortgage off, which could be done by making a lump-sum payment of $77,000. Professor Ryatt requires a 1 1% rate of return. (Ignore income taxes You must use spreadsheet functions or a financial calculator to solve these questions