1. You are looking at an apartment listing in Cleveland, OH for a 26-unit building that yields $31,050 per month gross rent if fully occupied. If the building is listed for $1,550,000, what is its GRM?
2. Why can a basic profit graph be useful to compare models of interest under a range of conditions?
3. If forecasted sales exceed the break-even level but are less than the economic break-even level, the project has a:
A. Positive NPV but earns less than the discount rate.
B. Negative NPV but earns more than the discount rate.
C. Net loss on the income statement.
D. Net profit on the income statement