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Maximum amount willing to pay for the property

Problem: Kevin wants a return of 50% from his one-year investment in real estate. He believes that he can sell the property at the end of the year for $250,000 and that the property will provide him with income of $50,000. What is the maximum amount that Kevin should be willing to pay for the property?

a. $125,000

b. $150,000

c. $200,000

d. $250,000

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Accounting Basics: Maximum amount willing to pay for the property

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