be leased out for Php750 a month. She has done some research 4. Hai-dee is looking to buy a property that costs Php115,000, and ca year. Her desired cap rate is 10%. What is the appraisal value of this and has determined the net operating expenses to be Php5,000p per property using the capitalization of earnings approach? a. Php 40,000.00 b. Php 42,500.00 C. Php 45,000.00 d. Php 50,000.00