[The following information applies to the next four questions. ] Consider the Columbia St., Chapel Hill property detailed in the file "Assignments/Problem Set 7 Example Columbia St Chapel Hill". You may assume that the 7.48% cap rate listed there is based on projected income in the coming year. Suppose that you think NOI will grow at a constant rate of 3% annually for the foreseeable future. You also assess the riskiness of this property to be commensurate with a 6% discount rate. What is the PV of the property if you anticipate a 2-year holding period and being able to sell the property at the going-in cap rate? [The following information applies to the next four questions. ] Consider the Columbia St., Chapel Hill property detailed in the file "Assignments/Problem Set 7 Example Columbia St Chapel Hill". You may assume that the 7.48% cap rate listed there is based on projected income in the coming year. Suppose that you think NOI will grow at a constant rate of 3% annually for the foreseeable future. You also assess the riskiness of this property to be commensurate with a 6% discount rate. What is the PV of the property if you anticipate a 2-year holding period and being able to sell the property at the going-in cap rate