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Le Prod is considering remodeling the office building it leases to Nano. The remodeling costs are estimated at $2,826,676. If the building is remodeled, Nano

Le Prod is considering remodeling the office building it leases to Nano. The remodeling costs are estimated at $2,826,676. If the building is remodeled, Nano has agreed to pay an additional $717,291 a year in rent for the next five years. The discount rate is 13.1 percent. What is the benefit of the remodeling project to Le Prod?

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