Given the following information, calculate the "going$-$out" $($terminal$)$ capitalization rate

$($rounded to one place to the right of the decimal$).$ Estimated holding period: $5$ years;

expected NOI in year $1$: $$120,000$; expected before$-$tax cash flow from rental operations

in year $5$: $$120,000$; expected NOI in year $5$: $$150,000$; expected NOI in year $6$:

$$155,250$; expected sale price at the end of year $5$:$$1,350,000.$

$8\mathrm{.}9\%$

$11\mathrm{.}5\%$

$11\mathrm{.}1\%$

$11\mathrm{.}9\%$

None of the selections is correct