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(Solved): Refer to Concept Box 17.1. A revised market study indicates the following: pricing for standard inte ...



Refer to Concept Box 17.1. A revised market study indicates the following: pricing for standard interior lots will probably be $103,000 each, premium interior lots $118,000, and corner lots $125,000; the average development cost per lot has been revised up to $71,000; administrative costs, and so on remain at 12.5 percent of gross revenue. Required: A, What will be the return on total cost based on the revised market study? B. Suppose that the developer wants a 21 percent return on cost. How much can be paid for the land Help me find the answers to A and B. Please dont use AI



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