QUESTION 1.A development spanning 24 months is being co

Friday July 15, 2022

QUESTION 1.A development spanning 24 months is being considered. It will realise $67.8m net (ie after selling expenses are deducted) with development costs of $42542554 that will be incurred between months six and twenty four. The developer expects a margin of 19% to make the project viable. Finance can be obtained at 10% pa computed monthly and interest costs will be capitalised into costs . Assuming the land is to be purchased at the beginning of the project what is the land worth to the developer?Answer in dollars with no cents please.Also attaching the excel spread sheet I am working on. This spreadsheet gives us example but all is not required as you can see.Thankyou.
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