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The net income of Kenosas Corp. is $50,000 in 2017. If the cap rate is 8%, what was the companys value using the Earnings Capitalization

The net income of Kenosas Corp. is $50,000 in 2017. If the cap rate is 8%, what was the companys value using the Earnings Capitalization Valuation method?
a.
$4,000
b.
$400,000
c.
$6,250
d.
$625,000
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