Michael masury has an opportunity to buy commercial, Financial Management

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Michael masury has an opportunity to buy commercial

Michael Masury has an opportunity to buy a commercial property. Rents from the property will be? $24,000 and he expects them to increase at a rate of? 3% per year annually. His required rate of return on this investment is? 12%. At what price would Michael be indifferent to buying or not buying the? investment? Round off to the nearest? $1.

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