A market that is currently oversupplied is expected to result in cash flows remaining flat for the next three years at $$1,150,000.$ During

years $4,5,$ and $6,$ market rents are expected to be higher. It is further expected that beginning in year $7$ and every year thereafter, NOI

will tend to reflect a stable, balanced market and should grow at $3$ percent per year indefinitely. Zenith believes that investors should

earn a $12$ percent return $($