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The investors in the Gilbert building have a 15% hurdle or discount rate on their equity investments. If they buy

the Gilbert Building for $5 million and finance it with a $3.5 million mortgage for 30 years at 8% will the investment exceed their hurdle rate? By how much? What is the internal rate of return? Please fill in the blank spaces in the model below and do a Net Present Value calculation based on the following assumptions:

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