4) Given the following information, calculate the going-out cap rate: estimated holding period: five years; NOI for year 1: $120,000; NOI for year 5: $150,000; NOI for year 6: $155,250; expected sale price at end of year 5: $1,350,000.

A) 8.9%

B) 11.1%

C) 11.5%

D) 11.9%