D Question 3 10 pts In the guest lecture for this module, David Sobelman and Austin Simmons discuss a hypothetical deal (e.g. Wal-Mart) that could be developed for $2.5 million and would produce NOl of $250,000. What was the cap rate that they used to demonstrate a doubling in value of such an investment? 255% 795% @ 10% 15% D | Question 4 10 pts Consider a 24,000 square feet office building that rents for $18 a foot, has a 5% vacancy rate, and operating expenses at 35% of EGI. What is NOI in year 1? $266,760 $296,400 $287.280 $319,200 $326.040