Question: Question 6 10 pts Suppose that a developer has total costs of $15.5 million to construct a retail shopping center, with stabilized first-year NOI of

Question 6 10 pts Suppose that a developer has total costs of $15.5 million to construct a retail shopping center, with stabilized first-year NOI of $1,350,000. If the developer is able to sell at a 6.75% cap rate, what is the profit on this deal? $2,500,000 $3,120,690 $3,785,714 $4,500,000 $5,269,231

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