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4. The cash-on-cash return: a. Incorporates income tax considerations. b. Expresses before-tax cash flow as a percent of the required equity capital investment. c. Expresses
4. The cash-on-cash return: a. Incorporates income tax considerations. b. Expresses before-tax cash flow as a percent of the required equity capital investment. c. Expresses before-tax cash flow as a percent of the property's acquisition price. d. Expresses net operating income as a percent of the required equity capital investment
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