Marc , therefore , has been told to assume a sale at the end of the seventh year of operations and estimate the residual value by capitalizing the projected net operating income for the eighth year ' If we will take the longer term maturity to be indicative of higher risk it would indicate that the discount rate for Pershing Building as against Hanewood should be higher and hence the NPV for Pershing as computed could also be reduced in comparison with Hanewood...











SUBJECTS

