Question 6 O out of 142 points A REIT has an NOT of $15 por share. It paid a dividend of $10 per share last year. The dividend is projected to increase by 4 percent this year and continue to increase by 4 percent per year thereafter. Assuming that the blended cap rate is 9.75 percent and the required rate of return is 10.5 percent, what would the net asset value (NAV) per share of the REIT be if total liabilities are $40,000 and there are 1,000 shares outstanding? Selected Answer None Given) Question 7 O out of 14 28 points $20,000,000 Net revenue Less Operating expenses Depreciation and amortization Income from operations 9.800.000 4.400.000 5.600.000 Less Interest expense Net income 1.200.000 54.20.000 Consider the financial statements for a REIT, given above. Price multiples for comparable REITs are about 10 times current funds from operation (FFO). What price does this suggest for the REIT's shares if 1,000,000 shares are issued? Selected Answer [None Given OK