Question: Assuming the following information, what will be the difference between the estimated and revised land values if actual NOI turns out to be $ 1

Assuming the following information, what will be the difference between the estimated and revised land values if actual NOI turns out to be $1,000,000? Round to the nearest dollar. (ch.10 pt 2, slide 7)
NOI = $1,200,000
IRR/Cap Rate/Discount Rate =11%
Growth rate =2%
Cost = $10m

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