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2company owns a unique piece of commercial real estate in a remote areaThere are no identical properties or active markets available for reference. The company
2company owns a unique piece of commercial real estate in a remote areaThere are no identical properties or active markets available for reference. The company hires an expert to estimate the fair value of the propertyand the expert uses unobservable inputs like projected cash flows and a discount rate tailored to the specific asset. (10 marks) Required: Under which level of the fair value hierarchy would the valuation of this property be categorized Explain your answer .
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