Valuation fundamentals Personal Finance Problem Imagine that you are trying to evaluate the economics of purchasing a condominium to live in during college rather than renting an appartment. If you buy the cando, during each of the next 4 years you will have to pay property taxes and maintenance expedtures of about $7,000 per your but you will avoid paying rent of 10.000 per year when you graduate 4 yeon from now, you expect to sell the condo for 5122000 If you buy the condo, you will use money you have saved and invested earning a 0% annual retum. Assume that all cash flows (rent, maintenance, etc.) would cour at the end of each your a. Ora netine wowing the cash fows, therming, and the required rabam applicatie towing the conto b. What is the maximum proe you pay for the condo? Explain