Use the following information to answer the next five questions, You are considering the purchase of a medium-sized shopping center for $18,000,000. The NOI in year 1 is expected to be $1,500,000, and it will grow at 5.5% every year thereafter. You intend to hold this property for 5 years, and you expect the terminal capitalization rate to be 8%. Selling expenses will be 3.5% of the sale price, and the appropriate discount rate for this property is 15%. D Question 27 4 pts What is the projected NOI in the year following the end of the holding period? O $1,500,000 O $1,858,23 O $1,960,440 $2,078,519 O $2,183,756 > Question 28 What sale price does this translate into at the end of the holding period for this property? O $13,069,600 O $22,017,026 O $23,227,962 O $24,505,500 O $35,644,364 Question 29 4 What is the total present value of the intermediate cash flows (i.e. the NOIs)? O $5,529,630 O $6,377,182 O $7.133,408 $7.865,709 O $8,530,806