This question depends on the facts presented in the prior question. Assume that the rent increases to $1900 per month (with the same growth rate) and there is a 3% commission at sale and that you think you should plan to replace all of the fridges and stoves at the end of year two (2) at a cost of $2000 per unit (one fridge and one stove per unit). Your operating costs will remain the same (20% of gross income). What you would pay per unit now.

Your answer should be in whole numbers (no decimal places).

Select one:

a. $363,076

b. $345,600

c. $370,617

d.$360,927