A healthcare facility's total maintenance budget is $4.2 million and the replacement asset value (RAV) is $140 million. What is the maintenance spending ratio, and is it within the ASHE-recommended range?
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A
2% — below the recommended 3–4% range
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B
3% — within the recommended 2–4% range
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C
3% — within the recommended 3–5% range
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D
4% — above the recommended 2–3% range