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You are examining a property with a Net Operating Income of $1,000,000. Since the property is an industrial warehouse you estimate the beta of the

You are examining a property with a Net Operating Income of $1,000,000. Since the property is an industrial warehouse you estimate the beta of the property is 0.75. The market risk premium is 7% and 1 year t-bills yield 1%.

What is the value of the warehouse?

$12.5 Million

$10 Million

$14.285 Million

$16 Million

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