Given the following information, calculate the price-FFO multiple for the following REIT: net income: $90,500,000; gains/losses from infrequent and unusual events: $0; amortization of tenant improvements: $300,000; amortization of leasing expenses: $705,000; depreciation (real property): $8,675,000; stock price: $60; market capitalization: $3,000,000,000.

Using Excel