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8. You manage a real estate investment company. One year ago, the company purchased 10 parcels of land distributed throughout the community for $10 million
8. You manage a real estate investment company. One year ago, the company purchased 10 parcels of land distributed throughout the community for $10 million each. A recent appraisal of the properties indicates that five of the parcels are now worth $8 million each, while the other five are worth $16 million each. Ignoring any income received from the properties and any taxes paid over the year, calculate the investment company
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