Question: Question 7 12 points Save Answer You are purchasing a property for $750,000. The first year's NOI is estimated to be $80,000. NOI will increase

 Question 7 12 points Save Answer You are purchasing a property

Question 7 12 points Save Answer You are purchasing a property for $750,000. The first year's NOI is estimated to be $80,000. NOI will increase by 15% for the third year because you will have a new tenant. Third and fourth year NOI are estimated to be the same. If you sell the property in the 4th year for $830,000, what is the net present value of this investment with a 9.5% discount rate. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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