What would be the value of a four-plex rental property if each unit rented for $206.25 per month; vacancies were 5% of gross rents; operating expenses were $4,140 per year, and the net earnings represented an 8% return on the investment:
A: $65,812.50;
B: $68,400;
C: $71,484;
D: $72,000.
Answer: A: $65,812.50;
Business
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