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What is the appraised value of an income property with an NOI of $92,100 and an estimated cap rate of 9.5%? a. $969,474 b. $874,950

What is the appraised value of an income property with an NOI of $92,100 and an estimated cap rate of 9.5%?

a. $969,474

b. $874,950

c. $500,000

d. $357,000

e. $8,750

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