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If the Net Operating Income for the subject property is determined to be $45,000/year. The Net Operating Income and the Value of the property are

If the Net Operating Income for the subject property is determined to be $45,000/year. The Net Operating Income and the Value of the property are expected to grow at 5% each year. The Discount rate is determined to be 12% what is the indicated value of the property.

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ANS: $642,857. 14

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