*Note: if you could not solve the question, DO NOT comment or anything and just go to the next question, because it will just decreasing my 'remaining question' without you answering the question. PLEASE.

2. Consider the following values related to a 50-unit apartment complex Land investment cost = $100,000 Building investment cost = $3,600,000 Annual upkeep cost = $150,000 Annual property taxes and insurance = 5% building and land investment cost Occupancy rate = 85% Study period = 25 years Salvage value = Only land cost can be recovered in full Interest rate = 15% For what values of the monthly rental fee R would revenues cover (be greater than or equal to) costs? We found that R>$1,779/month. | a.) Write out the solution to this problem neatly, showing the intermediate steps to arrive at R>$1,779/month. I suggest considering part (b) to determine how to write this out efficiently. b.) Consider the Base Problem, but now let the Interest Rate 12% of Building Investment Costs. Find the values of R to cover costs in this case. = c.) How does the answer to (b) compare to the answer of (a) (e.g., lesser, same, greater threshold value)? Briefly explain why this answer makes sense in terms of the real world interpretation of the