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Assume a property produces a level NOI of $75,000 per year. The property value is expected to increase by a total of 12 percent over

Assume a property produces a level NOI of $75,000 per year. The property value is expected to increase by a total of 12 percent over a 4 year holding period. A 10 percent discount rate is considered appropriate. What is the indicated property value? Please show all work.

A. $1,012,146

B. $ 595,917

C. $1,001,443

D. $ 599,482

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