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10 pts An investor is considering the purchase of a 22,000 square foot shopping center for $5 million. First year NOI is $402.550 and is

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10 pts An investor is considering the purchase of a 22,000 square foot shopping center for $5 million. First year NOI is $402.550 and is expected to increase at 3% per year over a holding period of 5 years. If the property sells at a terminal, or "going-out' cap rate of 8%, what is the appreciation rate for the property? O 2.01% 04.1996 0 4.7896 O 3.13% 0 4.47%

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