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99. A 40-acre tract was sold for $2,200 per acre. The seller realized a 14.5% profit from the sale. What was the original cost of
99. A 40-acre tract was sold for $2,200 per acre. The seller realized a 14.5% profit from the sale. What was the original cost of the tract? a. $75,240 b. $76,856 c. $100,760 d. $102,924 100. The effective gross income from an office building property is $73,500, and the annual operating expenses total $52,300. If a prospective investor expects to receive an 11% return on the investment, what is the value of the property to the investor, to the nearest dollar? a. $125,800 b. $192,727 c. $475,454 d. $668,181
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