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Given the following information, calculate the acquisition price of the property: first year NOI: $57,750; capitalization rate: 8.5%; equity investment: 30%. A) $192,500. B) $203,824.
Given the following information, calculate the acquisition price of the property: first year NOI: $57,750; capitalization rate: 8.5%; equity investment: 30%.
A) $192,500. B) $203,824. C) $679,412. D) $2,264,706
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
978-0077639730
