Think about this company in questions 1-5 and answer the following: ( tricky- you may not need all these numbers for every question!) Also in questions 1-5, be careful to think about whether you are using per share amounts or totals when you calculate your answers. Since I'm giving you the number of shares, you can easily convert totals to per share amounts when you need to.

GAAP NOI= $10,000000 FFO=$12,000,000 CAP RATE=5% DEBT= $40,000,000 PRICE per share (or "P")=$4.00 SHARES=80,000,000

1. What is its NAV ?