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2- Murooj Development consists of 24 outlet stores with total net operating income (NOI) of 135,000 KWD per month this year. The annual NOI is

2- Murooj Development consists of 24 outlet stores with total net operating income (NOI) of 135,000 KWD per month this year. The annual NOI is expected to grow at 5% annually and discount rate is 14%.

a- Calculate a 3-year forecast of the NOI

b- Calculate the developments terminal value at the end of year 3

c- What is the Developments fair value ?

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