Question 10 You've been hired to estimate the value of an income producing property. You've calculated the Net Operating Inceome and you believe it will be constant each year over the holding period. Use the following information to value the property using the Discounted Cash Flow approach. (note I've rounded the answer) NOI per period Holding period Required return Property's terminal value $350,000 10 years 12% $3,250,000 $3.12 million $3.26 million $2.99 million $3.02 million