Indiana University is deciding whether to renovate one of tw…
Indiana University is deciding whether to renovate one of two dorms (they can only choose one of the dorms). Both dorms provide 500 rooms for students. Which of the following is relevant to the decision: A Estimated cost of paint supplies $500 $500 B Cost to remove toxic insulation from Dorm 1. Dorm 2 does not have this insulation. $8,000 $ 0 C Roofing materials $1,000 $800 D Architect fees $1,500 $1,500 E Labor costs $10,000 $10,000 F Lost dorm rental fees if the dorm is shut down during renovation $13,000 $15,000