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acme office building has the following data: purchase price of $5 million, debt at $4 million, interest only at 5%, cap rate of 6% annual
acme office building has the following data: purchase price of $5 million, debt at $4 million, interest only at 5%, cap rate of 6% annual growth rate of 3% and the due date of the debt is seven years. what is the cash on cash return in year 2?
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