First, if there is a low-end estimate on the cost of remodeling and equipping, the NPV of the Build option rises to $903,489, a $498,351 increase over the NPV of the base case of $405,138. However, it would be unfair to compare this figure to the base case NPV for the lease option and, in fact, compared to the low-end estimate for the cost of renovation and equipment in the lease option, the lease option has the Best NPV ($924,173). When looking at the opposite situation (high-end estimate), the leasing option still has a better NPV than construction