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The NOI of a property was 156,789. Next year the NOI will be 161,363. The market cap rate is 7.85%. What is the current value

The NOI of a property was 156,789. Next year the NOI will be 161,363. The market cap rate is 7.85%. What is the current value of this property?

A. 1,863,596 B. 1,997,312 C. 2,055,580 D. 2,156,963 E. 1,789,632

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