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22. You plan to purchase an investment property. You will receive $824,000 in net income per year. Your broker believes you can plan to resell

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22. You plan to purchase an investment property. You will receive $824,000 in net income per year. Your broker believes you can plan to resell the building for $$,000,000 in 10 years. Your required IRR is 12%. Based on the time value of money, what is the present value of this property? (Round your answer to the nearest dollar.) 23. You plan to purchase an investmext property. You will receive $2,586,000 in net income per year. Your broker believes you can plan to resell the building for $43,100,000 in 5 years. Your required IRR is 8%. Based on the time value of money, what is the present value of this property? (Round your answer to the nearest dollar.)

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