I thank the member for her question. It will help us clarify the net present value a little.
First, this appraisal takes account of the difference between the sale price of the current residence and the purchase price of the new residence. The transaction will generate revenues directly. Second, that also includes the renovation costs that were avoided.
You asked a question about annual savings. As I mentioned in my opening remarks, the purchase will generate annual savings of $115,000. In fact, operating costs will be cut in half.