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solve and show using excel formulas 19. Assume the following expected annual cash flows from operating a office property investment: Year 1=$225,000; Year 2=$236,500; Year

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19. Assume the following expected annual cash flows from operating a office property investment: Year 1=$225,000; Year 2=$236,500; Year 3=$248,000; Year 4=$259,500; Year 5=$271,000. If the net proceeds from the sale in Year 5 are $4.9 million determine the maximum price an investor is willing to pay for the property today if she requires a 10 percent return on her investments and the going-in cap rate is 5.5%

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