50、A real estate investment has the following characteristics: Annual rental income | $1,800,000 | Annual operating expenses | $1,200,000 | Available mortgage rate | 6% | Financing percentage | 90% | Required rate of return | 15% | Estimated holding period | 5 years | Investor's tax rate | 25% |
Based on the income approach, the value of the investment is closest to: A. $4,000,000. B. $5,455,000. C. $6,133,000. D. $8,696,000.
[此贴子已经被作者于2008-11-7 15:16:31编辑过] | 
发表于 2008-5-19 16:18
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