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You are concedering You are considering a luxury apartment building project that requires an investment $14.100,000. The building has 50 units. You expect he maintenance

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You are considering a luxury apartment building project that requires an investment $14.100,000. The building has 50 units. You expect he maintenance cost or he apartment building to be se00.000 he test year and S450,000 the second year The maintenance cost continue to incase by S50,000 in subsequent years The cost to hire a manager or he building is estimated to be $75.000 per year After live years of operation, the apartment building can be sold for $20,000,000 What is he annual lent per apartment unit that will provide a return on investment of 15 ?Assume that the building remain fully occupied during as five years of operation

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