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You are about to purchase a property that you anticipate will produce $ 1 7 5 , 0 0 0 per year in NOI each

You are about to purchase a property that you anticipate will produce
$175,000 per year in NOI each year. You anticipate selling in year 11 to a
buyer that will pay $1,280,750, but you would incur 5% in expense when
you sell the property. What do you estimate is the current market value of
the property today using the DCF method and assuming a 8% discount
rate?
NPV=
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