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Professional Properties is considering remodeling the office building it leases to Heartland Insurance. The remodeling costs are estimated at $ 3 . 8 million. If
Professional Properties is considering remodeling the office building it leases to Heartland Insurance. The remodeling costs are estimated at $ million. If the building is remodeled, Heartland Insurance has agreed to pay an additional $ million a year in rent for the next five years. The discount rate is percent. What is the benefit of the remodeling project to Professional Properties?
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