The Lloyds have been saving money in order to buy a house. They figure that given current interest rates they could afford a $450,000 home. Before looking at houses on the market they decide to explore the possibility of building a new home. The Lloyds figure they could buy a suitable lot for $80,000. At a minimum they want to build a 2,500 square-foot house. The cost for a house of the quality they desire is $150 per square foot. What is the estimated cost of the building? Answer: Given this information in the previous question, should the Lloyds pursue the option of building a new house? Select one: O a. Lloyds should not consider building a new house under the current conditions. O b. Lloyds should consider building a new house under the current conditions