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2. You are analyzing a property with the following characteristics: Projected Year 1 NOI: $100,000 Projected Year 11 NOI: $121,899 Projected Year 10 resale (reversion)

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2. You are analyzing a property with the following characteristics: Projected Year 1 NOI: $100,000 Projected Year 11 NOI: $121,899 Projected Year 10 resale (reversion) value: $1,741,414 Current (going-in) market cap rate for similar properties: 6% a. What is the current market value of the property? b. What is the projected terminal (going-out) cap rate

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