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Wislon Enterprises is considering remodeling a building which they own. The remodeling costs are estimated at $1.42 million. The building contains 75 rentals units. Mr.

Wislon Enterprises is considering remodeling a building which they own. The remodeling costs are estimated at $1.42 million. The building contains 75 rentals units. Mr. Wislon will increase the rent on each unit such that his total rental income increases by $400,000 a year for the next 5 years. At a discount rate of 14 percent, what is the benefit of the remodeling project to Wislon Enterprises?

a.

$22,141.41

b.

-$46,767.61

c.

-$49,922.17

d.

-$78,509.12

e.

-$68,824.92

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