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. If your Net Operating Income for the year is $60,000 and your capitalization rate is 8%. What is the market value of the property

. If your Net Operating Income for the year is $60,000 and your capitalization rate is 8%. What is the market value of the property you are selling?

a. $750,000

b. $4,800

c. $62,500

d. $480,000

Please explain and the step to get it. Thanks

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