Score: 0 of 1 pt 6 of 10 (5 complete) HW Score: 43.18%, 4.32 of 10 pts E6-29 (similar to) E Question Help Matthew Longley has just made the final payment on his mortgage. He could continue to live in the home; cash expenses for repairs and maintenance (after any tax effects) would be $850 monthly. Alternatively, he could sell the home for $230,000 (net of taxes), invest the proceeds in 3% municipal tax-free bonds, and rent an apartment for $15,000 annually. The landlord would then pay for repairs and maintenance. Requirement 1. Prepare two analyses of Longley's alternatives, one showing no explicit opportunity cost and the second showing the explicit opportunity cost of the decision to hold the present home. Begin by performing an incremental analysis assuming that Longley sells his home, invests the proceeds in 3% municipal tax-free bonds, and rents an apartment for $15,000 annually. (Use a minus sign or parentheses to show a decrease in incremental income) Assume Longley sells his home, invests the proceeds and rents an apartment Incremental benefits Less Incremental costs Incremental income effects per year E A is (ACT Choose from any list or enter any number in the input fields, then click Check Answer 1 part Clear All Check