Question: In the answer, please include four decimal points An investment company is considering the purchase of a commercial property. The company estimates that the property
An investment company is considering the purchase of a commercial property. The company estimates that the property will generate the following NOI for the next 7 years. The company estimates that beginning year 6 growth of NOI will stabilize at 2%, and is expecting a return on investment of 14% for this type of property. What is the maximum price the investment company would be willing to pay for this property today if it intends to sell the property at the end of year 6
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