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A property's annual NOI in Years 1 and 2 is $ 3 , 6 5 4 , 0 0 0 and $ 3 , 7

A property's annual NOI in Years 1 and 2 is $3,654,000 and $3,750,000, respectively. It was just purchased for $38,000,000. Using a cap rate of 6%, what is the overall yield rate assuming the property is sold for $39,500,000(round to one decimal point, e.g.,8.7)?

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