An investor is considering the purchase of a 22,000 square foot shopping center for $5 million. First year NOI is $381.216 and is expected to increase at 3% per year over a holding period of 5 years. If the property sells at a terminal, or "going-out" cap rate of 7%, what is the appreciation rate for the property? 2.01% 4.19% 4.78% 3.13% 4.47%