unTo TUILOILUTuat TT.39 pi. You can deliver this assignment to me by posting it in the "Dropbox" for this unit. Handing it over to me in the class before/on the due date is another possibility. After the due date, I will be posting the solutions on the web site, and once graded, I will be posting your grade in the grade book. This problem set is worth 10 points in your final grade. Questions 1, 5, and 6 are each worth 10 percent. Questions 2 and 3 are each worth 20 percent. Question 4 is worth 30 percent. 1. (10 percent) Suppose you have a subject property with a 105,000 sq. ft. lot and existing improvements for which you estimate the reproduction cost new to be $2,500,000, physical deterioration to be $400,000, functional obsolescence to be $50,000, and external obsolescence to be $50,000. If you have information on a comparable lot of 110,000 sq. ft. which recently sold for $250,000 and the only adjustment is $1.75 per sq. ft. for the difference in lot size, what is the indicated total value for the subject property. (20 percent) You have just completed the appraisal of an office building and have concluded that the market value of the property is $2,500,000. You expect potential gross income in the first year of operations to be $450,000; vacancy and collection losses to be 9 r PGI; operating expenses to be 38 percent of effective gross income (EGI); and cap expenditures to be 4 percent of EGI. 2. perty a. What is the EGI for the first year