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An Old Office Building in Mandaluyong was purchased by Henry for 1 2 0 million pesos. It Is expected that the Gross Potential income of

An Old Office Building in Mandaluyong was purchased by Henry for 120 million pesos. It Is expected that the Gross Potential income of the property is 30 million with a 12% vacancy rate and a credit cost of 1 million. Operating expense is computed as 10 million. The annual mortgage is set at P5.5M with P500K interest earned. Equity is at P50 million. Overall Rate of Return? Show the solution! Select the correct answer. A.12.83% B.10.50% C.13% D.11%

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