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You Are Considering Buying an Old House That You Will

Question 8

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You are considering buying an old house that you will convert into an office building for rental. Assuming that
you will own the property for 10 years, how much (the maximum amount) would you be willing to pay for the
old house now given the following financial data? You are considering buying an old house that you will convert into an office building for rental. Assuming that you will own the property for 10 years, how much (the maximum amount) would you be willing to pay for the old house now given the following financial data?

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