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12. What is a base economic industry? Give an example of a base industry in Iowa. 13. A building recently sold for $1,300,000 at a

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12. What is a base economic industry? Give an example of a base industry in Iowa. 13. A building recently sold for $1,300,000 at a cap rate of 6.5% and a gross rent multiplier of 11. Based on this information, how much does it cost to operate this building annually

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