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 %)?

If an amount of $1,000,000 is to be paid on June 1, 2025, what is the present value equivalent (2021 prices/values, as of June 1, 2021) assuming annual inflation of 3% for the duration of the period considered and no payments between June 1, 2021 and June 1, 2025?