Now assume that the property described in Question 12.3 is owned by someone other than McDonald's, a
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Question:
Now assume that the property described in Question 12.3 is owned by someone other than McDonald's, a "typical" real estate investor by the name of Bob.
a. What is Bob's expected NPV from selling the property, evaluated from an MV perspective?
b. What is Bob's expected NPV from selling the property, evaluated from an IV perspective?
c. What if Bob tries to sell the property to McDonald's?
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