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When is the sales approach most commonly used for project underwriting? O When there are many sales of comparable projects When the investor wants to

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When is the sales approach most commonly used for project underwriting? O When there are many sales of comparable projects When the investor wants to determine the income stream based on existing net operating income (NOI) O When there are recently completed properties on the market near the subject property When the appraiser determines that the sales approach offers the highest value

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