2. Use the following assumptions to answer questions below: a. Simpson Tower I has a NOI of $185,000. What would its value be at a 10% cap rate? b. What would the value of Simpson Tower I be using a cap rate of 10.5%? Why would the value change in this direction? Page 1 of 3 C. Simpson Tower II is valued at $2,500,000. Using a 10.5% cap rate, what is the NOI of Simpson Tower II? d. Simpson Tower III has an NOI of $960,000 and a value of $6,600,000. What is the cap rate