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A 12,000 square-foot comparable building was leased for $4.75 per square foot per year below the market rent over the remaining lease term of 4

A 12,000 square-foot comparable building was leased for $4.75 per square foot per year below the market rent over the remaining lease term of 4 years. If rent for the subject property is at a market rate in the appropriate discount rate is 11%, what is the adjustment for real property rights conveyed?

OK TO USE FINANCIAL CALCULATOR, BUT SHOW STEPS. Thank you.

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