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Suppose a condo generates $17,000 in cash flows in the first year. If the cash flows grow at 4% per year, the interest rate is

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Suppose a condo generates $17,000 in cash flows in the first year. If the cash flows grow at 4% per year, the interest rate is 8%, and the building will be torn down in 15 years (the building is worthless after 15 years), what is the most you would pay for the condo today? Enter your response below (rounded to 2 decimal places). Correct response: 183,713,6910 Suppose instead, the building will be sold at the end of 15 years for $80,000, Using $183,713.69 as the present value of the rentai cash flows, what is the most you would be willing to pay for the condo today? Enter your response below (rounded to 2 decimal places)

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