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A real estate developer plans to construct and then rent a 1 5 - unit office building. The construction costs will be incurred immediately and
A real estate developer plans to construct and then rent a unit office building. The construction costs will be incurred immediately and are expected to be $ The annual cash flow on all units is expected to be $ starting in one year and continuing for a total of consecutive years. Calculate the profitability index for the office building using a required rate of return of
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