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36. An investment property has an expected annual net operating income of $19964. The required rate of return is 10.2%. Comparable properties are rising in
36. An investment property has an expected annual net operating income of $19964. The required rate of return is 10.2%. Comparable properties are rising in value by 5.5% p.a. What is the market value of the property based on the income approach?
Use no decimal places in your answer and do not include the $ sign.
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