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Assume you are thinking about buying an office building generating an estimated $30,000 per year in net operating income. The cap rate is 8%. What
Assume you are thinking about buying an office building generating an estimated $30,000 per year in net operating income. The cap rate is 8%. What is the estimated value of the building?
$30,000
$375,000
$240,000
$300,000
None of the above
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