The Corporez Development Co

The Corporez Development Co. recently acquired a developable land parcel for $3,000,000. Corporez has decided that the most lucrative development for this site would be a building that, upon completion, would be worth $10,000,000 including the land). It will cost Corporez $6,000,000 of construction cost excluding land), to build this project. Construction is instantaneous. What is the NPV to Corporez of building this project today:
a) If the best that the "typical" or "second-best") developer of this site could do is to build a building worth $9,000,000 on completion including land), at a construction cost excluding land) of $7,000,000?
b) If the best that the "typical" or "second-best") developer of this site could do is to build a building worth $11,000,000 on completion including land), at a construction cost excluding land) of $5,000,000?
b), what should Corporez do?
c) In the situation described in

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Market value of land is price that "seco...

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