Question 24 1 pts Other things being equal, a buyer prefers a higher or lower cap rate? Higher Lower Depends on the market Depends on the buyer, some may prefer lower cap rate. Question 25 1 pts You are interested in investing in an office building. You expect the building's net operating income will grow at a constant rate of 3.8% per year during your anticipated holding period. If you are confident that you can earn 10,4% annual return somewhere else on projects of comparable risk, the reasonable cap rate for you to use in evaluating this building should be %? Write your answer without %. E.g. if you answer is 21.5%, just write 21.5