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QUESTION 1: (20 Points) A If a company is considering to build a complex Duty Free Shopping center in Istanbul Airport (with 120 shops) The following facts are relevant: Initial cost of construction 500,000$ Maintenance per shop per month 50$ Taxes per shop per year 50,000 $ Extra cost every 6 years from year 6 (For the whole project) 30,000$ According to the agreement between the company and the Turkish government, the company has to pay the (100,000$) per month to the government for the first 10 years, and (150,000$) per month for the last 10 years. All the project (buildings) will be given back to the Government after 20 years of usage. What is the minimum monthly rent that should be charged for each shop in order to reach breakeven point if 12% discount rate is desired, considering on average 85 % of the shops are rented, and (summation of last two digits of your student number )% of the rented shops will be paid back to the government? QUESTION 1: (20 Points) A If a company is considering to build a complex Duty Free Shopping center in Istanbul Airport (with 120 shops) The following facts are relevant: Initial cost of construction 500,000$ Maintenance per shop per month 50$ Taxes per shop per year 50,000 $ Extra cost every 6 years from year 6 (For the whole project) 30,000$ According to the agreement between the company and the Turkish government, the company has to pay the (100,000$) per month to the government for the first 10 years, and (150,000$) per month for the last 10 years. All the project (buildings) will be given back to the Government after 20 years of usage. What is the minimum monthly rent that should be charged for each shop in order to reach breakeven point if 12% discount rate is desired, considering on average 85 % of the shops are rented, and (summation of last two digits of your student number )% of the rented shops will be paid back to the government