Q1. An 8.5 acre orchard in Kelowna was released from the Agricultural Land Reserve and thedevelopment company, Spec Enterprises, is deciding on a high density housing redevel- opment plan that is subject to City Council's approval. Two types of condos are to beconsidered: low-income and middle-income condos. The developer can squeeze 20units of low-income condos per acre but they can only develop 15 units of middle-incomecondos per acre. The unit costs of the low-income condos are $ 135,000 while those formiddle-income condos are $ 188,000. The lower and upper limits set by City onthe number of low-income condo units developed are 60 and 100. On the other hand, theyrequire that there be between 30 and 70 middle-income condo units developed. Based onthe market and for project management reasons, Spec Enterprises decides not to buildmore than 150 condos in total. The net profit per low-income condo is $ 11,000 and is$ 13.000 per middle-income condo. Moreover. Spec Enterprises has $ 24 million availablefor the redevelopment