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You were hired as a cost consultant by ABC Development for their proposed $100M condominium project in Toronto. During the course of your feasibility study
You were hired as a cost consultant by ABC Development for their proposed $100M condominium project in Toronto. During the course of your feasibility study you derived a residual land value for the project site at $10M. The asking price for the land is $7.5M. What conclusion would you draw from your analysis findings? Question 4 options: Recommend not to purchase the land for your proposed development Recommend to purchase the land at the asking price
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