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The NOI for the subject property is $89,000 and it is forecasted to grow perpetually at a 3% annual rate. If market cap rates are
The NOI for the subject property is $89,000 and it is forecasted to grow perpetually at a 3% annual rate. If market cap rates are 10.5%, the property value is:
a. $3,000,000
b. $1,186,000
c. $1,222,300
d. $847,620
e. $659,300
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