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18. Suppose your subject property is a vacant lot that is rectangular in shape and it has a frontage of 100 feet and a depth

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18. Suppose your subject property is a vacant lot that is rectangular in shape and it has a frontage of 100 feet and a depth of 200 feet, the lot areas in square feet of the subject property is: a. 20 b. 200 C. 2,000 d. 20,000 I 19. For a given year, suppose you estimate EGI to be $500,000 and OE (operating expenses) to be $200,000, then NOI IS: a. $30,000 b. $70,000 C. $300,000 d. $700,000 20. Suppose you forecast the following for future sale of your completed development project: FSP = $10,000,000; SE = $300,000; ME (including OBM and Prepayment Penalty) = $5,000,000, then BTER is: a. $4,700,000 b. $5,000,000 c. $9,700,000 d. $10,000,000

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