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For the purposes of a back of the envelope calculation at this early stage in planning, assume that inflation will proceed at an average rate

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For the purposes of a "back of the envelope" calculation at this early stage in planning, assume that inflation will proceed at an average rate of 2% for the foreseeable future, and that other projects in the Charleston market have recently traded at a 6% cap rate. What is the appropriate nominal discount rate for calculating the present value of the returns for project? Explain the reasoning behind your choice of a discount rate. Explanation of your choice for the discount rate

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