Question 3 You intend to buy a property. To this end, he estimated that it could be rented for $ 120,000 / year, with an annual maintenance cost of $ 18,000 for the first 5 years and $ 24,000 for the next 5 years. After 10 years the property could be sold for $ 640,000. Considering that after 10 years you would sell the property for the estimated value and that the minimum desired return is 15% per year what is the maximum amount you could pay for the property?