Excel modelingQuery description A big college within the jap suburbs has an eleven story humanities constructing however a extreme scarcity of undercover automotive parking. Undercover parking is required to fulfill occupational well being and security issues with future local weather change. The college has a 11,349 sq. meter website at present used for automotive parking which is to be redeveloped. Every automotive area takes 20 sq. metres which incorporates an allowance for paths and entry. Constructing value is $150 per sq. metre per ground. The college receives $400 per automotive parking area each year. A one-storey automotive park would take zero.5 years to assemble. A two-storey automotive park would take one yr to assemble. Three flooring would take 1.2 years. Assume that the $400 income applies professional rata over the interval. Building ought to start instantly and the brand new facility ought to final for ten years. Assume a reduction price for bills of four%. Assume that revenues will inflate at three% per yr. Your job is to advise the services supervisor about what to do. The supervisor additionally needs to know if and when breakeven would happen. It's seemingly that the $400 per automotive price will change. It has additionally been advised that the college ought to enable greater than 20 sq. metres per automotive as a result of two environmental science and sustainability college students drive Humvees. Please construct the spreadsheet mannequin for 3 choice. wouldn't have to incorporate sensitivity or breakeven. simply do as a lot as you may thanks.