Question 13 2 pts The investment value of a property is: Always equal to the market value Always used by local tax assessors to determine the property tax Equal to the appraised value The probable sales price of a property on the open market Unique to each investor Question 14 3.5 pts Your income forecast for an industrial building, leased to a nationally credit-rated tenant, is cash flow before taxes of $45,000 per year for 10 years. At the end of year 10, the sales proceeds before taxes will be $300,000. How much should be paid for the property by an investor seeking a 15 percent before-tax yield? O $225,845 O $300,000 O $288,877 O $414,091 O $74,155 Question 15 3.5 pts Mr. Investor can reinvest cash flows at an after-tax rate of 11 percent. Calculate the capital accumulation for Mr. Investor for the following cash flows. N $ 0 $ (10,000) 1 $ 2,000 2 $ 1,500 3 $ 15,000 O $19,354 O $19,243 O $18,464 O $19,404 O $19,129