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Using the below information, what is value of this property today? The discount rate is 15%. [Round to nearest dollar] Year 1 Year 2 Year

Using the below information, what is value of this property today? The discount rate is 15%. [Round to nearest dollar]

Year 1 Year 2 Year 3 Year 4 Year 5
NOI $ 500,000 -$25,000 $ 0 $ 1,350,000 $ 1,500,000
Net Sales Price $ 8,900,000

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