Question: Genaro needs a 40 percent return on his one-year investment in a property. He believes that he can sell the property at the end of

Genaro needs a 40 percent return on his one-year investment in a property. He believes that he can sell the property at the end of the year for $150,000 and that the property will provide him with a rental income of $25,000. What is the maximum amount Genaro should be willing to pay for the property?

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