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8. Wendy owns a large parcel of land in south Garlin. The highest and best use of the property would be to develop it into

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8. Wendy owns a large parcel of land in south Garlin. The highest and best use of the property would be to develop it into a subdivision. There have been no sales of similar properties in this area in the recent past. Which of the following valuation techniques would she be best advised to use to value her property? (1) Extraction (2) Direct comparison (3) Direct capitalization (4) Yield capitalization

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