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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

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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 $3,000,000 and selling the property for $3,500,000. 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. Year o Year 1 Year 2 Year a Year 4 Year 5 Year 6 Year 7 NOI 250,000 258,000 266,000 274,000 282,000 290,000 300,000 Property (3,000,000) Transactions 3,500,000 4. If you decided to sell the building at the end of year 3 with an expected cap rate of 8%. What is the reversion value? (Sale price before fees)

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