You are planning to open a local restaurant, and you are considering whether to buy or rent your facility. If you rent the facility, you will pay $$2,500$ per month in rent plus approximately $$1,300$ in utilities per month. You will also be required to purchase renters' insurance, which will cost you $$350$ per month. All maintenance fees on the building and landscaping, however, will be provided by the property owner.

If you buy the facility, your mortgage will be $$1,800$ per month, and utilities will be $$1,300$ per month. Your property insurance will be $$600$ per month and your expected raintenance costs are $$1,000$ per month. What is the relevant cost of purchasing the building?

$$4,150$ per month

$$2,850$ per month

$$4,700$ per month

$$3,400$ per monthYou are planning to open a local restaurant, and you are considering whether to buy or rent your facility. If you rent the facility, you will pay $$2,500$ per month in rent plus approximately $$1,300$ in utilities per month. You will also be required to purchase renters' insurance, which will cost you $$350$ per month. All maintenance fees on the building and landscaping, however, will be provided by the property owner.

If you buy the facility, your mortgage will be $$1,800$ per month, and utilities will be $$1,300$ per month. Your property insurance will be $$600$ per month and your expected raintenance costs are $$1,000$ per month. What is the relevant cost of purchasing the building?

$$4,150$ per month

$$2,850$ per month

$$4,700$ per month

$$3,400$ per month