Question 8 You are trying to value a multi-unit apartment building. Use the following information to value the property using the EGIM provided. 8 $2,500.00 $0.00 Number of apartments Market rent (per month)Problem Misc. Income Vacancy and collection losses Operating expenses Capital expenditures EGIM 15% of PGI 5% of EGI 10% of EGI 13 $3,120,000 $2,519,400 $2,254,200 o $1,326,000 Question 9 10 pts You are preparing the pro forma cash flows for an investment property. The last cash flow that you need to estimate is the terminal value of the property at the end of the holding period. Calucate the property's market value at the end of the holding period given the following information: NOI (last year of holding period) $100,282 NOI growth rate Going out (terminal) cap rate 1096 Selling costs $58,300 $970,600 $1,002,280 $973,800 $1.032.905 Question 10 10 pts You've been hired to estimate the value of an income producing property. You've calculated the Net Operating Inceome and you believe it will be constant each year over the holding period. Use the following information to value the property using the Discounted Cash Flow approach. (note I've rounded the answer) NOI per period Holding period Required return Property's terminal value $450,000 8 years 8% $1,250,000 $1.45 million $3.40 million $3.26 million $3.12 million