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My investors require 11% return on their funds and the bank will lend 61% of the value of the property at 6.5% interest rate. What
My investors require 11% return on their funds and the bank will lend 61% of the value of the property at 6.5% interest rate. What is the target return of the property to meet the investors' objectives and meet obligations to the bank? (Your answer should be in 4 decimal places)
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