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Business, 07.12.2019 04:31 sdawg420

Professional properties is considering remodeling the office building it leases to heartland insurance. the remodeling costs are estimated at $3.4 million. if the building is remodeled, heartland insurance has agreed to pay an additional $820,000 a year in rent for the next 5 years. the discount rate is 15 percent. what is the benefit of the remodeling project to professional properties?

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