5. A property produces a first year NOI of $100,000 which is expected to grow by 2 percent per year. If the property is expected to be sold in Year 10 , what is the expected sale frice based on a terminal capitalization fate of 9.5 percent applied to the eleventh year NOI? a. 51,308.815 b. $1,283,152 e, 51,263,158 d. $1,257,992 6. A property is purchase for $15 million. Financing is obtained at a 75 pereen loan-to-value natio with total annual payments of $1,179,000. The property produces an NOI of $1,400,000. What is the equity dividend rate (ratio of first year cash flow to equity)? a. 5.898 b. 9.33% c. 7.86%