Paradise Enterprises owns an abandoned building that was purchased 10 years ago for $5 million. Over the 10 year period, numerous repairs and maintenance were performed on the building that totaled $2 million. The building is completely depreciated, leaving a book value of zero but the building could be sold today for $8 million. If Paradise decides to use the building for a new project, what value should be assigned to it when doing a cash flow analysis?

Group of answer choices

$8 million

$0

$5 million

$7 million