4. a. A family purchased a 3 acre piece of land in Limuru for Kshs.30,000,000.00 fifteen years ago. They planted trees at a cost of Kshs.250,000.00 per acre. Each year they have been spending on average Kshs.25,000.00 per acre per month to take care of the trees and also to secure the property. They are now considering selling it. What is the minimum amount they should accept so as not to incur a loss bearing in mind that comparable properties have been yielding a rate of 6.5% interest per annum? (8 marks)

b. “Compulsory acquisition is the power of government to acquire private rights in land for public good without the willing consent of the owner but; in exchange for compensation”. Discuss this statement with special reference to the main considerations that ought to be made in conducting a valuation for compulsory acquisition. (12 marks)