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a . ) I am looking to invest in an apartment building. The building has annual rents of $ 5 0 , 0 0 0

a.) I am looking to invest in an apartment building. The building has annual rents of $50,000, and I think I can sell the building in 10 years for $500,000. If I need a 12% rate of return, what is the most I should pay for the building?
b.) Same apartment building. I can buy the building for $600,000. What do I have to sell the building for in 10 years to get my 12% out of the investment?

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