Can you please help me solve this thank you.

The answer to 11 is 9.22.

QUESTION 11 If you buy the property at the asking price of $7,000,000, what will your 'going in' Cap Rate be? Write your answer in percent, but do not include the % sign. O 6.25% O 8.5% O 9.22% O 10.17% QUESTION 12 If the annual IRR for this property is 8.5%, then based on the cap rate in question 11, what does this imply is expected NOI growth rate for this property? O -0.72% O 0.72% O 1.72% O -1.72% QUESTION 13 You do research and find that similar properties are selling at an 11% cap rate. Using an 11% cap rate, what price would you offer for this property? O 5,856,000 O 5,658,000 O 5,685,000 O 5,865,000 Commercial Real Estate Common information for all the questions in this HW. You want to purchase an office building in Brooklyn. The property contains 27,500 square feet of rentable space and is currently occupied by multiple tenants each with differing maturities on their respective leases. No lease is currently shorter than 1 year. The annual rent in the 1st year of ownership is $42.50/sq ft. The vacancy rate is 6.5%. You expect to incur collection losses (from tenant default) on 1.5% of the square feet during your first year. QUESTION 11 If you buy the property at the asking price of $7,000,000, what will your 'going in' Cap Rate be? Write your answer in percent, but do not include the % sign. O 6.25% O 8.5% O 9.22% O 10.17% QUESTION 12 If the annual IRR for this property is 8.5%, then based on the cap rate in question 11, what does this imply is expected NOI growth rate for this property? O -0.72% O 0.72% O 1.72% O -1.72% QUESTION 13 You do research and find that similar properties are selling at an 11% cap rate. Using an 11% cap rate, what price would you offer for this property? O 5,856,000 O 5,658,000 O 5,685,000 O 5,865,000 Commercial Real Estate Common information for all the questions in this HW. You want to purchase an office building in Brooklyn. The property contains 27,500 square feet of rentable space and is currently occupied by multiple tenants each with differing maturities on their respective leases. No lease is currently shorter than 1 year. The annual rent in the 1st year of ownership is $42.50/sq ft. The vacancy rate is 6.5%. You expect to incur collection losses (from tenant default) on 1.5% of the square feet during your first year