Q8 Question 8 (2 points) A property produces a first year NOI of $100,000 which is expected to grow by 2% per year. If the property is expected to be sold in year 10, what is the expected sale price based on terminal capitalization rate of 10.25% applied to the eleventh year NOI? $1,283,152 $1,189,263 $1,317,832 $1,257.992