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Which of the following would be considered when an investor is trying to decide whether or not to renovate a property? (A) After-tax operating income

Which of the following would be considered when an investor is trying to decide whether or not to renovate a property?

(A) After-tax operating income before renovation

(B) The difference between future operating income if renovated and if not renovated

(D) The mortgage balance on the property the year before renovation

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