2)	Bevan Real Estate holding company.
	Current Income, after taxes: $ 50 million.
	Income will grow at 8% per year for the next 10 years
	and 3% thereafter.
	The current market value of the properties is $ 500 million.
	You expect this value to appreciate at 3% a year, for the next 10 years.
a)	Estimate the Terminal Value (TV) of the properties, based on the
	current market value and the expected appreciation in property values.
b)	what is the Terminal Value (TV) as a multiple of ater-tax operating Income
	in the 10th year?
c)	If no reinvestment is needed after 10th year,
	estimate the Cost of Capital that you are implicitly
	assuming with your estimate of the Terminal Value.