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Projected Year 1 NOI: $100,000. Projected Year 11 NOI: $121,899. Projected Year 10 resale (reversion) value: $1,523,738. Current (going-in) market cap rate for similar properties:

Projected Year 1 NOI: $100,000.

Projected Year 11 NOI: $121,899.

Projected Year 10 resale (reversion) value: $1,523,738.

Current (going-in) market cap rate for similar properties: 7%.

What is the projected terminal (going-out) cap rate?

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