Baby Goldies first words when she was born were, Dad you should have bought a hotel when cap rates expanded you bum. I was devastated. So I started underwriting a hotel deal in the hospital room to make her proud. My pro-forma analysis showed a 5^th year NOI of $595,345. Expected growth rate for hotels is 6.5%. What is the projected sale price in year 5 (V5) if the going-out cap rate is 8%?

How Do I Get This Answer= $7,925,530.31