Using the following comparable sales only, what is the mean of the total economic life extracted from the sales? Round to the nearest year. vo V VB Bcost Sale 1 Sale 2 Sale 3 $10,780,000 $10,890,000 $9,460,000 $1,650,000 $2,090,000 $1,760,000 $9,130,000 $8,800,000 $7,700,000 $10,505,000 $9,900,000 $8,800,000 ($9,130,000) ($8,800,000) ($7,700,000) $1,375,000 $1,100,000 $1,100,000 13.09% 11.11% 12.50% 11 9 11 Sale Price Land Value Opinion Calculated Building Value Opinion Estimated Building Cost Less Calculated Building Value Op Calculated Depreciation $ Calculated Depreciation % Age of Improvement Percent of depreciation per year Implied economic life Sale 4 $9,680,000 $1,870,000 $7,810,000 $8,470,000 ($7,810,000) $660,000 7.79% VB Vdep Vdep 7 Implied Age Dep / year 1.19% 1.23% 1.14% 1.11% Using the following comparable sales only, what is the mean of the total economic life extracted from the sales? Round to the nearest year. vo V VB Bcost Sale 1 Sale 2 Sale 3 $10,780,000 $10,890,000 $9,460,000 $1,650,000 $2,090,000 $1,760,000 $9,130,000 $8,800,000 $7,700,000 $10,505,000 $9,900,000 $8,800,000 ($9,130,000) ($8,800,000) ($7,700,000) $1,375,000 $1,100,000 $1,100,000 13.09% 11.11% 12.50% 11 9 11 Sale Price Land Value Opinion Calculated Building Value Opinion Estimated Building Cost Less Calculated Building Value Op Calculated Depreciation $ Calculated Depreciation % Age of Improvement Percent of depreciation per year Implied economic life Sale 4 $9,680,000 $1,870,000 $7,810,000 $8,470,000 ($7,810,000) $660,000 7.79% VB Vdep Vdep 7 Implied Age Dep / year 1.19% 1.23% 1.14% 1.11%