23. [4] You wish to estimate the value (V) of an existing building using the cost approach. Suppose the cost of constructing a new, identical building is $350,000. Suppose further that, due to depreciation, you apply an adjustment factor of 0.2. What is your estimate of V? Enter a whole number with no $, commas, or decimal places. For example, if your answer were $1,442.23, you would enter 1442.

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