Question: D Question 7 10 pts 7 Suppose the Net Operating Income (NOI) in a property is $11,000,000 and the market value cap rate is 8.00%.

D Question 7 10 pts 7 Suppose the Net Operating Income (NOI) in a property is $11,000,000 and the market value cap rate is 8.00%. Annual debt service is $1,500,000. What is the market value of the property using direct capitalization? O $880,000 O $760,000 O $118,750,000 O $88,000,000) $137.500,000

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