This worksheet calculates the incremental return if the Apex property is renovated as illustrated in the chapter.

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This worksheet calculates the incremental return if the Apex property is renovated as illustrated in the chapter. Suppose the NOI after renovation is $42,000 instead of $45,000. How does this affect the after-tax incremental return?

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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