The following set of NOI is generated by a property that was held for exactly $4$ years:

Year

$1$

$2$

$3$

$4$

NOI

$$50,000$

$$55,000$

$$55,500$

$$56,500$

The property was purchased for $$600,000$ and sold at the end of Year $4$ for $$780,297\mathrm{.}50.$ The IRR is $15\%.$

Identify the part of IRR that is attributable to the growth in NOI $($NOIIRR$)$ and net capital appreciation $($NetGIRR$).$