The following questions are based on the series of the following cash flows. You plan to sell the property in year 5 . The buyer anticipates buying the property for $2,500,000 and selling the property for $3,000,000. The NOI for each year is noted. Please put your answer in percentage with two decimal places; for instance, put 7.63 for 7.63\%. Please put dollar amounts with two decimal places as well. Please enter a positive value. All questions should be completed in excel. Rounding will result in an incorrect answer. Your equity partner wants to know how a change in the exit cap rate will affect the IRR of the property when you sell in year 5 . What is the IRR with exit cap rates at 10%