A property had NOI of $1,500,000 in its first year (Year 0) of its existence. Assume...

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A property had NOI of $1,500,000 in its first year (Year 0) of its existence. Assume that its NOI grows by 3% in Years 1 and 2 and 2% in Years 3 and 4. Using the required rate of return method with an expected return of 11%, what is the estimated value of t property assuming sale of the property at the end of Year 3? Add your answer A property had NOI of $1,500,000 in its first year (Year 0) of its existence. Assume that its NOI grows by 3% in Years 1 and 2 and 2% in Years 3 and 4. Using the required rate of return method with an expected return of 11%, what is the estimated value of t property assuming sale of the property at the end of Year 3? Add your answer