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Case Study: Valuation Case #1: Lynn Investment Company (LIC) Lynn Investment Company is considering the purchase of Brentwood Apartments. Next year's net operating income is

Case Study: Valuation Case #1: Lynn Investment Company (LIC) Lynn Investment Company is considering the purchase of Brentwood Apartments. Next year's net operating income is expected to be $4,000,000, and based on LIC's economic forecast, market supply, demand and vacancy levels appear to be balanced. As a result, NOI should increase 7% each year, for the foreseeable future. LIC believes that it should earn an 11% internal rate of return on the investment. Based on this information what is: The value of the property today? The value of the property in 2 years

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