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Question 43 (1 point) Suppose that you purchased a warehouse for $20 million using a...

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Question 43 (1 point) Suppose that you purchased a warehouse for $20 million using a 20-year loan for 80% of the purchase price. The loan has an annual interest rate of 6% with monthly payments and monthly compounding. You plan on selling the property at the end of the 5th year and predict that the future selling price will be $25 million. If selling expenses are expected to be 3% of the future selling price, what will the before-tax equity reversion be from the sale of the property at the end of the 5th year? $10.67 million $11.74 million $10.03 million $9.60 million

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