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A real estate property is on the market. You have estimated it will give you net cash flows of $5386 per month. You hope to

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A real estate property is on the market. You have estimated it will give you net cash flows of $5386 per month. You hope to sell it in 7 years for $410499. Your required return is 9.52%, how much should you be willing to pay for the property today? (hint: There is both an annuity (the monthly payments) and a lump sum (the selling price). Find the present value of each and add them together. Use the same " r " and " t " for both the annuity and the lump sum.)

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