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The Concord inc, a manufacturer of low-sugar, low-sodium, bow-cholesterol TV dinners, would like to increase its market share in the Sunbelt. In order to do

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The Concord inc, a manufacturer of low-sugar, low-sodium, bow-cholesterol TV dinners, would like to increase its market share in the Sunbelt. In order to do sa, Conkord has decided to locate a new factory in the Panama City area. Concord will either buy or lease a site depending upon which is more advantageous. The site location committee has narrowed down the available sites to the following three very similar buildings that will meet their needs. Bullding A: Purchase for a cash price of $616,000, uscful tife 25 years Building B: Lease for 25 voars with annal lease payments of $70,700 being made at the beginning of the year: Bullding C: Purchase for $654,700 cash. This building is larger than needed; however, the excess space can be sublet for 25vears at a net annual rental of $6,820. Rental payments will be received at the end of each vear. The Concord inc. has no aversion to being a landlord. Clicknere to view factor tables. In which building would you recommend that The Concord inc. locate, assuming a 12% cost of funds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.s. 458,581.) The Concord ine stiould locate itself in

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