You bought some land for $1,200,000 your plan is to build an apartment building for $1,300,000 which
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You bought some land for $1,200,000 your plan is to build an apartment building for $1,300,000 which will provide you with rental revenue of $500,000 per year depreciation is straight line with a 30 year life and no salvage The tax rate is 34% an ordinary income and 20% on capital gains what will you need to sell the apartment for before taxes in 15 years to earn a 15% after tax return?
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
Posted Date: