You Own a House That You Rent for $1,100 a Month.The

Multiple Choice

You own a house that you rent for $1,100 a month.The maintenance expenses on the house average $200 a month.The house cost $219,000 when you purchased it 4 years ago.A recent appraisal on the house valued it at $239,000.If you sell the house you will incur $14,000 in real estate fees.The annual property taxes are $4,000.You are deciding whether to sell the house or convert it for your own use as a professional office.What value should you place on this house when analyzing the option of using it as a professional office?

A) $211,800
B) $221,000
C) $225,000
D) $235,000
E) $239,000