please answer question 4. for real estate finance

FINC 4343 Real Estate Finance Spring 2019 4. Two potential uses are identified for a parcel. One use costs 54 ar; in order to proceed with this use, legal and consulting fees to receive a zoning variance wi and results in an $25,000 must be set aside to provide adequate storm water drainage p a capitalization rate of 12 percent is used in the first example, and a capit 10 percent is used in the second, which use is the highest-and-best use? cost $22,000. Another use cost $310,000 income of $48,000 per year: due to physical constraints, however nds for this ponds for this use. If rading: This homework will be graded on a check-plus/check/check-minus/yuck/zero scale. o Check-plus: 5 points o Check: 4.5 points o Check-minus: 4 points o Yuck: 2 points o Zero: 0 points FINC 4343 Real Estate Finance Spring 2019 4. Two potential uses are identified for a parcel. One use costs 54 ar; in order to proceed with this use, legal and consulting fees to receive a zoning variance wi and results in an $25,000 must be set aside to provide adequate storm water drainage p a capitalization rate of 12 percent is used in the first example, and a capit 10 percent is used in the second, which use is the highest-and-best use? cost $22,000. Another use cost $310,000 income of $48,000 per year: due to physical constraints, however nds for this ponds for this use. If rading: This homework will be graded on a check-plus/check/check-minus/yuck/zero scale. o Check-plus: 5 points o Check: 4.5 points o Check-minus: 4 points o Yuck: 2 points o Zero: 0 points