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you are considering building 6 houses in coquitlam, bc , during 1 6 months. your inital investment is $ 4 , 8 0 0 ,

you are considering building 6 houses in coquitlam, bc, during 16 months. your inital investment is $ 4,800,000 today, which is the price of the land, the design fees, and the building permit. the constrution expenses start at month 1 for $200,000 and increasing $ 40,000 every month until month 14. in addition, there are two additional expenses for $ 500,000 at month 15 and $ 400,000 at month 16. the marketing strategy indicates that you sell one house each month during month 14,15 and 16. the other three houses would be sold one per month, at equal price, 10% more expensive than th first three houses, during the months 17,18, and 19. your MARR is 18% compounded semi-annually. determine the selling price of th houses in order to meet the MARR of the projct. create a cash flow diagram.

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