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Determine which good to sell for the highest bidder

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Problem 1: The Adams Independent School District wants to sell a parcel of unimproved land that it does not need. Its three best offers are as follows: from the state's Department of Public Safety (DPS), $2.3 million; from the Second Baptist Church, $2.2 million; and from Baker Motors, $2.1 million. DPS would use the property for a new state highway patrol barracks, Second Baptist Church would start a church school, and Baker would open a car dealership.

Question 1: If you are the financial adviser for the school district, which offer would you prefer? why is it hard for the seller? which one is good to sell for the highest bidder or the lowest ? for long term and short term which one is good?

Reference no: EM132471929

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