Question: Question 70 (1 point) An investor is considering purchasing a retail complex that is projected to generate $6750 in net operating income (NOI) in the
Question 70 (1 point) An investor is considering purchasing a retail complex that is projected to generate $6750 in net operating income (NOI) in the first year. The investor believes that NOI will grow by 5.5% per year after the first year. If the purchase price is expected to be $50000 and the sale price at the end of 5 years will be $62500, what is the "exit" cap rate? Express your answer as a percentage and round to 2 decimal places. Your
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