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A property is projected to have an NOI for $250,000, a net income of $180,000 and will trade with a CAP rate of 6%. Using

A property is projected to have an NOI for $250,000, a net income of $180,000 and will trade with a CAP rate of 6%. Using the NAV method, what is the value of the property.

3,000,000

1,166,666

4,166,666

1,500,000

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