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A property's NOI is $ 1 , 5 0 0 , 0 0 0 , and its present value is $ 1 2 , 0

A property's NOI is $

1, 500, 000,

and its present value is $

12, 000, 000 .

What is its going

-

in cap rate? Round your answer to

1

decimal place as a percentage

(

.

., 7.3) . (

10

3,

slide

24)

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