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2. In the text of the report (p. 93], the appraiser notes that franchise fees should total of 10%; 6% for the royalty and 4%

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2. In the text of the report (p. 93], the appraiser notes that franchise fees should total of 10%; 6% for the royalty and 4% fer the advertising assessment. What happens to the overall cash flow and to the property value it the franchise fees total 8%, 5% for the royalty and 3% for the advertising assessment? What conclusions can you draw from this exercise

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