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 price based on a terminal capitalization rate of 9.5 percent applied to the eleventh year NOI? a. $1,308,815 b. $1,283,152 c. $1,263,158 d. $1,257,992