What is the primary difference between the direct capitalization method and the discounted cash flow (DCF) method in income-based valuation?
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A
Direct capitalization uses a single year's income while DCF projects income over multiple years
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B
Direct capitalization accounts for future rent increases while DCF does not
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C
DCF uses a single cap rate while direct capitalization uses a discount rate
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D
Both methods produce identical results under all market conditions