Assume that you are the project developer provide a succinct summary of the architects proposed concept design (this summary is found within the new drawings provided), findings that describes the optimum development that can be undertaken on the site (after considering all the constraints on the site), showing the following (where applicable): – Site area – Maximum development permitted by the Responsible Authority – Maximum gross floor area – Maximum number of car parks required by the relevant planning scheme, and the proposed number of car parks within the proposed development – Gross and Net Sellable Area of useable space classified – Gross revenue on completion of project – Outgoings on completion of project – Net revenue on completion of project – Total construction cost – Design and construction Programme – Estimate of cost escalation to completion of construction – Preparation of cash flow schedule. – Calculation of project finance costs. – Calculation of Total Project Cost comprising: . total construction cost . project finance costs . development costs – You are required to calculate the Residual Land Value which supports a commercial rate of return on the development, and report on the implications of such a finding to PVLC, calculate the acceptable land value based on the below PVLC hurdle rates: 1. Assume a Development Margin of 15% 2. Assume a Development Margin of 20% 3. Assume an IRR of 15% 4. Assume an IRR of 25%