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Given the following information, calculate the going - out cap rate: Estimated holding period: 5 years NOI for year 1 : $ 1 2 0

Given the following information, calculate the going-out cap rate:
Estimated holding period: 5 years
NOI for year 1: $120,000
NOI for year 5: $150,000
NOI for year 6: $156,800
Expected sale price at end of year 5: $1,450,000

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