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Your company wants to purchase a rental complex that generated rental cash flows of $1,935,000 for the year ended yesterday. Rent increase is approximated at

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Your company wants to purchase a rental complex that generated rental cash flows of $1,935,000 for the year ended yesterday. Rent increase is approximated at 2.00% per year forever. If the annual return requirement is 10.50%, determine the value of the complex today. $22,639,500 $23,220,000 $23,800,500 $24,381,000 $24,961,500

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