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17. A real estate firm is looking at buying a new building. The cost of the building is $1.2 million, and it's expected to net $230,000 in revenue, starting at the end of each year, and it's expected that this amount will grow at 1.5% per year. The company has 100,000 15 year bonds outstanding, with a coupon rate of 8%, yield of 9%, trading at 98. The company employs a debt to equity ratio of 2. The company has a beta of 1.5 and a tax rate of 40%. T-bills are yielding 3% and the expected return on the market is 7.6%. Given this info, evaluate the project

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