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Question 21 (1 point) What capitalization rate is indicated for a farm which sold for $1,460,000 and had the following income and expense data?

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Question 21 (1 point) What capitalization rate is indicated for a farm which sold for $1,460,000 and had the following income and expense data? 150 acres which produces 200 bushels per acre which is sold at time of harvest at $4.00 per bushel. Owner's expenses are $1,500 taxes and management of 5% of the owner gross income. Crop Share 2/3 tenant, 1/3 owner. 5.10% 40 2.70% 2.50%

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