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If you expect to obtain $750 million in net sale proceeds at the end of 10 years (or 2020) from disposition of the property, what

If you expect to obtain $750 million in net sale proceeds at the end of 10 years (or 2020) from disposition of the property, what is the implied market value of the office complex as January 1, 2011? Use the discounted cash flows approach to determine the market value of the property. Assume that the unlevered opportunity cost of capital is approximately 9%. Also, continue to assume that the management fee is 4%. Hint: watch out for the extra year of operating cash flows reported in the proforma. (10 points)

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