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The subject property has a level income of $ 5 9 , 6 2 7 . 5 0 . In the mortgage market for this

The subject property has a level income of $59,627.50. In the mortgage market for this type of property, the best rate available is 8.5% per year with monthly payments, a 25-year amortization, and a maximum 75% loan-to-value. The equity capitalization rate is 12.5%. What is the market value (rounded to the nearest whole dollar)?
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