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if you answer soon and get it right i will thumbs up! Pinot Properties has a required rate of return of 15%. The firm is

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Pinot Properties has a required rate of return of 15%. The firm is considering the purchase and renovation of an office building. NOI is expected to decrease 5% per year for the first two years while the property is renovated. In years 3 and 4 , NOI will increase by 10%. Starting year 5 , NOI will stabilize and constantly increase by 3% annually. If current NOI of the office building is $500,000 and Pinot intends to hold the property for 5 years, what is maximum amount they would pay for the property today? What is the "going in" and terminal capitalization rates

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