An imvestor is considering the purchase of a 22,000 square foot shopping center for $4.5 million. First year NOt is $381,216 and is expected to increase at 3% pe year over a holding period of 5 years. If the property sells at a terminal, or "going-out"if cap rate of 8%, what is the appreciation rate for the property? 201% 14.783 2.13\% 4.47%