14 (2 points). Suppose you buy the property at the asking price of $7,000,000 and own it for exactly 1 year. You make the down-payment in part (9). You collect the NOI in part (3). You make the annual mortgage payment in part (10). In two years, the NOI is expected to be the same. You sell the property at the end of year 1, at a cap rate of 50 basis points below the cap rate in part (11) and you pay off the loan balance when you sell. Compute the IRR on this investment. Write your answer in percent, but do not include the % sign.

answer to part 9 is 2.1 million

answer to part 3 is 645150

10. What is the annual mortgage payment on the loan in question 8?

11. If you buy the property at the asking price of $7,000,000, what will your going in Cap Rate be? Write your answer in percent, but do not include the % sign.

answer to part 8 4.9 million

please answer question 14 having these data