(4 points per question : Total points 20) 1. What is the approximation of the price you would pay for a property which has a current year NOI of $100,000, which will grow at 3% per year, and you have alternative opportunities to invest your money that provide you with a return of r=8%? (a) $2,000,000 (b) $909,091 (c) $1,250,000 (d) Cannot be determined from given information 2. What is the present value of a 10-year net lease with monthly rental payments of $2000, if the opportunity cost of capital is 8%? a) $161,042. b) $164,843. c) $165,942. d) Insufficient information to answer the