Question 10 10 pts Suppose that a develoer builds a 16,000 SF Artyae"s Restaurant that leases for $18, absolute net, Land costs for the 1-acre site are $500,000 and total Construction costs including interest and soft costs are $3.5 million. What is the yield on cost or cap rate that the developer will need to sell at to break even? 7.00% 7.20% 7.50% 7.70% 8.10 %