please solve both questions

The River Crook Apt in Brighton can be purchased for $3,000,000. It has 6 apartments and is currently generating an NOI of $150,000 for the entire complex. What is the cap rate of the current building? Show your calculations for partial credit Maximum number of characters (including HTML tags added by text editor): 32,000 Show RichText Editoriand character count) I 1 Points Question 15 of 15 An investor is considering buying the River Creek Apt in Brighton (question 17) The apartment building can be purchased for $1,250,000. It has 6 apartments Currently generating an NOI of $40,000 (for al units). The plan is to demolish the current building and replaced it with an apartment building with 10 units. Each unit will cost $100.000 to build. The total demolition cost of the current building is $250,000. The Nol for the new building is projected at $200,000 for all 10 units). Consider this an all-cash deal. No financing will be required for the improvements. What is the cap rate projected for the new development? Show your calculations for partial credit Madimum number of characters (including HTML tags added by text editor): 32,000 Show RichTextEdnor and character court