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Top Shelf Industries is considering remodeling a building that it leases to a retail store. The remodeling costs are estimated at $ 2 . 1
Top Shelf Industries is considering remodeling a building that it leases to a retail store. The remodeling costs are estimated at $ million. If it proceeds with the remodeling, the tenant has agreed to pay an additional $ a year in rent for the next years. The discount rate is percent. What is the benefit of the remodeling project to Top Shelf Industries?
Answer Tolerance: pm $
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