Four years ago, an investor purchased a five door-apartment for P5.5M. Income from rent exceeded maintenance and insurance cost by P480 000.00 per year. If the property is sold now for P7.55M with an 8.25% income tax charged from capital gain, determine the after taxrate of return realized on the investment. (Ans. 14%) -PLEASE USE AN ACTUAL FORMULA FOR ENGINEERING ECONOMY AND NOT AN EXCEL

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