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#12a) To raise money, you rent out 8,000 SF of space in a warehouse in perpetuity to an artisinal milkshake company. The average market rate
#12a) To raise money, you rent out 8,000 SF of space in a warehouse in perpetuity to an artisinal milkshake company. The average market rate in this neighborhood is $12 per square foot per year. Rents are expected to rise 3% annually. What is the PV of this cash flow if the discount rate is 10%
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