Question 5 10 pts A national retailer uses 15,000 SF of store space and will use a 25-year evaluation period at a 25% discount rate to assess NPV. Assume that the property would lease for $23 per foot (absolute net) with $5 per foot in operating expenses. What is the approximate NPV of leasing? $1.398,016 $1,447.945 $1,673.653 $1,733,426 $2,077.987 Question 6 10 pts A major retail company plans to build 30,000 square building that would cost $8 million to develop. It is expected to lease for $22 per foot (absolute net) with $5 per foot in operating expenses. If the company develops the property and does a sale-leaseback, what price will they get if the property is sold at a 6.25% cap rate? O $ 9.777.778 $ 10,153,846 O $ 10,560,000 O $11,000,000 O $ 11,478,261