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You have APPnia! Your marketing manager wants you to invest in yet another mobile app to help drive leases in your apartment complex. How much

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You have APPnia! Your marketing manager wants you to invest in yet another mobile app to help drive leases in your apartment complex. How much would you be willing to spend to develop a new rental app given the following information: 1. The app will cost $5,000 annually to maintain 2. The app is projected to drive the rental of two units per year 3. You realize cash flow for investor distributions of $500 per month 4. Your investors require a 15% cash on cash return for all investments in operations

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