You bought a property with an absolute NNN lease. It has 15 years remaining, but you will sell it at the end of year six. You purchased it at an 8.2% cap rate, but will project to sell it at a 9% cap rate. Your cost of capital is 13% and the NOI has a growth rate of 1.3%. Your selling closing costs are 2.3%. What are your net proceeds from the sale of your property? Rent in year 1 is 75,000.

• A. 812,369
• B. 879,772
• C. 1,235,696
• D. 923,665
• E. 987,635