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If you did not have a capital expenditure in year 1, what would be your Going in Cap Rate? (Going in Cap Rate = NOI

If you did not have a capital expenditure in year 1, what would be your "Going in Cap Rate"? (Going in Cap Rate = NOI of year 1/Purchase price) O 9.15% O 9.51% O 8.30% O 10.51%

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