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 five years.The discount rate is 15 percent.What is the benefit of the remodeling project to Professional Properties?
A)-$651,233
B)-$489,072
C)$5,214
D)$128,399
E)$311,417

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The Answer of 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 five years.The discount rate is 15 percent.What is the benefit of the remodeling project to Professional Properties?
A)-$651,233
B)-$489,072
C)$5,214
D)$128,399
E)$311,417

Professional Properties Is Considering Remodeling the Office Building It Leases