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Assume the tenth year sale proceeds after tax for the ownership alternative were based on a sale price of $ 6 , 7 2 0

Assume the tenth year sale proceeds after tax for the ownership alternative were based on a sale price of $6,720,000 and a cost of sale ch 3 percent. If the property was originally acquired for $5,000,000, what annual compound growth rate would the property have to achieve over the 10-year holding period in order for the after tax present cost of leasing and owning to be equal?
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