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An opportunity to purchase a real - estate property has come your way. You estimate that you will earn a cash flow of $ 5

An opportunity to purchase a real-estate property has come your way. You estimate that you will earn a cash flow of $5322 per month after expenses and, after some research, you think you may be able to sell the property for $991021 in 8 years. Based on the risk of this investment, you require a return of 10.49%. What is the most you should be willing to pay for the property today?

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