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In the answer, please include four decimal points An investment company is considering the purchase of a commercial property. The company estimates that the property

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An investment company is considering the purchase of a commercial property. The company estimates that the property will generate the following NOI for the next 7 years. The company estimates that beginning year 6 growth of NOI will stabilize at 2%, and is expecting a return on investment of 14% for this tipe of property. What is the "going in" cap rate (R)

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