Assume Expenses are 40% of Revenue. If we trend Revenue growth at 3% per year for 5 years, and Expenses grow at 2.5% per year for 5 years, how much higher is the Net Operating Income in Year 5 vs Year 1 (shown as %)?

In the scenario described above, if over the five year period cap rates have contracted from 5.5% to 5.1%, how much has the property increased in value in Year 5 vs Year 1 (shown as a %)?