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Consider a building with a very long economic life. Assume at the end of year 5, NOI will be $60,000, and it is expected to

Consider a building with a very long economic life. Assume at the end of year 5, NOI will be $60,000, and it is expected to grow at a rate of 2 percent per year for the foreseeable future. You companys required rate of return is 12 percent. What is the reversion value (REV) at the end of year 5?

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