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A property gets following Cash flows: N O I 1 = 1 0 0 , 0 0 0 growing by 3 % first year, 4

A property gets following Cash flows:
NOI1=100,000 growing by 3%
first year, 4% Second year,
third year and 4 th year. 5th year is constant with 2%
the r=12%.

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