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You msanage a real estate investment company, One year ago, the company purchased 10 parcels of land distributed throcighout the community for $11.8 million each

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You msanage a real estate investment company, One year ago, the company purchased 10 parcels of land distributed throcighout the community for $11.8 million each A recent appraisal of the properties indicates that five of the patcels are now worth 596 millon each. While the other five are worth $176 milion each. Ignoring amy income recelved from the properties and any taxes paid over the year. calculate the irvestment compary's accounting eanings and its economic earnings in each of the following cases: a. The compary sells all of the properties at their appraised values today b. The company sells norve of the propeites c. The company sells the properties that have talben in value and keeps the othees d. The compary selis the properties that have risen in value and keeps the others Note: Negetive amounts should be indicated by parentheses. Enter your answers in milliens

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