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A Company requires a 12% nominal return on their real estate investments. They invest $ 78,000,000 cash to buy a downtown hotel property that has
A Company requires a 12% nominal return on their real estate investments. They invest $ 78,000,000 cash to buy a downtown hotel property that has $ 120,000 per month in various expenses. They can sell the hotel in 5 years for $ 100,000,000. How much monthly revenue should they earn to reach the target rate of return
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