THE ANSWER IS NOT $124,600. I TRIED THIS ALREADY AND IT WAS WRONG.

You are considering the purchase of a rental property. -The property rents for $1,800 a month, "garage parking is $80 a month. -The property and garage space are expected to be rented 85% of the year. -Additional expenses associated with the property include: -Real estate taxes of $1,200 a year -Liability insurance of $1,000 a year - Advertising expense of $600 a year -Maintenance costs of $1,100 a year -Depreciation of $2,800 a year -Interest expense on the property loan of $5,000 a year. If your required rate of return on the property is 6%, what is the intrinsic value of the property? $254,600$207,933$124,600$319,600