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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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