Item Description Estimated Cost $ 1 Land 2,945,000 2 Bob Builder consulting fee 50,000 3 Corny Cornell consulting fee 34,000 4 Architect fee 105,000 5 Permitting cost 25,000 6 Design & consulting engineer fee 165,000 7 Grading and site work sub 2,270,000 8 Construction of shopping facility 16,050,000 9 Construction of parking lot 1,850,000 10 Installation of utilities by sub 1,311,000 11 Installation of electrical reticulation by sub 500,000 12 Landscaping sub 278,000 13 Allowance for fees of loans and interests 4,450,000 Total 30,033,000 Assignment 3 Assume you are Claire and are trying to determine if the Mount Hope shopping mall is a good investment of your $6.5 million inheritance, using a 20-year period. Assume operation of the facility begins in year 2 and the equity is utilized in year 1. Determine the: . . . . Gross annual revenue Annual Maintenance Costs Net Annual Revenue Estimated Annual Debt Service Estimated Annual Profit Net Present Value of Claire's investment, if the discount rate = 9% Internal Rate of Return for the project investment