What is the benefit of the remodeling project

Reference no: EM13260190

Professional Properties is considering remodeling the office building it leases to Hearthland Insurance. The remodeling costs are estimated at $310,572. If the building is remodeled, Heartland Insurance has agreed to pay an additional $81,943 a year in rent for the next 6 years. The discount rate is 0.1. What is the benefit of the remodeling project to Professional Properties?

Reference no: EM13260190

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