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A real estate analyst is valuing a property using the direct capitalization approach. THe stabilized NOI is $700000. The cap rate is 7%. The capital
A real estate analyst is valuing a property using the direct capitalization approach. THe stabilized NOI is $700000. The cap rate is 7%. The capital expenditures required in the first year after purchase are $350000. THe value by the direct capitalization approach in this circumstance is
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