lionaire is considering purchasing a hotel. In order to determine the value of the property Stev e's Resort, she has been doing some research. She has a verbal agreement with her bank for a loan to cover 70% of the investment at 8% interest. The mortgage constant equals .09. Her best estimate of income before interest, de preciation and taxes (IBIDT) is as follows: Year BIDT $300,000 500,000 800,000 1,000,000 1,100,000 1 4 She also projects the stabilized year to be year four. In order for Ms. Billionaire to get accurate results, she needs your assistance. She requires a 16% return on her investment. Requirea: 1. 2. Determine the value of this resort using the simultaneous valuation formula Determine the value of this resort by dividing the stabilized year by the overall capitalization rate. lionaire is considering purchasing a hotel. In order to determine the value of the property Stev e's Resort, she has been doing some research. She has a verbal agreement with her bank for a loan to cover 70% of the investment at 8% interest. The mortgage constant equals .09. Her best estimate of income before interest, de preciation and taxes (IBIDT) is as follows: Year BIDT $300,000 500,000 800,000 1,000,000 1,100,000 1 4 She also projects the stabilized year to be year four. In order for Ms. Billionaire to get accurate results, she needs your assistance. She requires a 16% return on her investment. Requirea: 1. 2. Determine the value of this resort using the simultaneous valuation formula Determine the value of this resort by dividing the stabilized year by the overall capitalization rate