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What is the (rounded) value of a property with the following cash flows (assume NOI = Cash Flow) assuming a five-year hold using a 6%

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What is the (rounded) value of a property with the following cash flows (assume NOI = Cash Flow) assuming a five-year hold using a 6% discount rate and a 7% residual cap rate? Y1 $ 100,000 Y2 $ 103,000 Y3 $ 106,090 Y4 $ 109,273 Y5 $ 112.551 Y6 $ 115,927 $1.8 million O 1.6 million O $1,7 million O $1.9 million

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