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The expected after-tax cash flow from an investment property that you are considering is Year 1 $300 Year 2 $300 Year 3 $300 Year 4

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The expected after-tax cash flow from an investment property that you are considering is Year 1 $300 Year 2 $300 Year 3 $300 Year 4 $-800 Years $200 Year6 $200 Year 7 $200 If the appropriate discount rate is 12%, what is the most you should pay for this property (PV of the cashflows) TT T Arial 3 (12pt) T.EE

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