1. The term "Gross lease" means:
A disgusting lease.
The tenant pays the building operating expenses.
The landlord pays the building operating expenses.
The property manager pays the building operating expenses.
2. An investment project has the cash flow stream of $-3250, $80, $200, $75, and $90. The cost of capital is 12%. What is the discounted payback period?
A. 1.24 years
B. 1.85 years
C. 2.24 years
D. 2.85 years
E. 3.05 years