Question 8 10 pts An investor is considering the purchase of a 22,000 square foot shopping center for $5 million First year NOI is $402.550 and is expected to increase at 3% per year over a holding period of 5 years. If the property sells at a terminal, or "going out" cap rate of 8%, what is the appreciation rate for the property? 2.01% 4.19% O 4.78% 3.13% O 4.47% Question 10 10 pts Consider the purchase of a rental property for $400,000. You can borrow at 75% LTV and finance se property with a $300,000 mortgage at 6% (30-year amortization) with an annual debt service of $21,584. Expected NOI for the first 5 years is $36,000, $37,080, $38,192, $39,338, and $40,518 respectively. Assume that you can sell the property at the end of year 5 to net $417,339 with a remaining mortgage balance of $285,122. What is the leveraged IRR on this investment? O 21.23% O 18.37% 20.51% O 17.99% 0 24.02%