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The ING Group wants to invest in an industrial property that is worth $20,000,000. This property provides an average monthly net rental income (after deducting

The ING Group wants to invest in an industrial property that is worth $20,000,000. This property provides an average monthly net rental income (after deducting all the expenses and tax) of $128,000. The holding period of this investment will be 7 years, and the market value of the industrial property is expected to grow by 3% per year. Should ING Group proceed with this investment if their required rate of return is 10%?

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