Ace Investment Company is considering the purchase of the Apartment Arms project. Next year's NOI and cash flow is expected to be $2,020,000, and based on Ace's economic forecast, market supply and demand and vacancy levels appear to be in balance. As a result. No/ should increase at 4 percent each year for the foreseeable future. Ace believes that it should earn at least a 13 percent return on its investment Required: a. Assuming the above facts, what would the estimated value for the property be now? b. What going-in cap rates should be indicated from recently sold properties that are comparable to Apartment Arms? c What would the estimated value for the property, if the required return changes to 12 percent? Complete this question by entering your answers in the tabs below. Required A Required B Required Assuming the above facts, what would the estimated value for the property be now? (Round your final answer to nearest whole dollar amount.) Current estimated value of property Required A Required B Required What going-in cap rates should be indicated from recently sold properties that are comparable to round intermediate calculations. Round your final answer to nearest whole percent.) Going-in cap rates % Required A Required B Required What would be the estimated value for the property, if the required return changes to 12 percent? Estimated value of property