-Consider the Information in the Table Above

question 27

Multiple Choice

$$\begin{array} { l r r } & \text { If sold taday } & \text { If sold next year } \\\\\text { Sale price } & \$ 2,500,000 & \$ 2,650,000 \\\text { Martgage balance } & 1,000,000 & \mathbf { 9 0 0 , 0 0 0 } \\\text { Capital gain tax } & \underline{112,500} & \underline{135,000} \\\text { Cash flow } & \$ 1,387,500 & \$ 1,615,000 \\\text { NOl over next year } & & \$ 50,000\end{array}$$
-Consider the information in the table above. What is the marginal rate of return for keeping the property one additional year?

• A) 16.4%
• B) 20.0%
• C) $50,000
• D) $277,500

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Definitions:

Naves

The central part of a church building intended to accommodate most of the congregation, extending from the entrance (the narthex) to the altar.

Crossing Square

The area in a church formed by the intersection (crossing) of a nave and a transept of equal width, often used as a standard module of interior proportion.

Proportions

In art and design, proportions refer to the relationship in size and shape between different parts of an object or figure, crucial for achieving balance and aesthetic appeal.

Saint-Sernin

A Romanesque church located in Toulouse, France, known for its architectural significance and role in the pilgrimage route to Santiago de Compostela.