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11. Calculate the residual land value given the following information: (4 pts) (Hint: Calculate CAP rate first) NOI year 1 $360,000 Annual growth rate =

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11. Calculate the residual land value given the following information: (4 pts) (Hint: Calculate CAP rate first) NOI year 1 $360,000 Annual growth rate = 2.5% Capitalization rate-12.5% Construction costs for new building- 2,000,000

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