Question 7 2 pts Use the mortgage equity capitailzation method to value the following property assuming a first year DCR of 1.25, a mortgage term of 20-years with monthly payments and a rate of 6%. The terminal cap rate is 8% and the NOI is expected to grow at 2% after year 3. Equity investors expect a return of 11% and the holding period is 3-years. Year 1 Year 2 Year 3 NOI $ 72,000 $ 74,880 $ 77,875