A property has a projected year 1 noi of 250000 noi is


A property has a projected year 1 NOI of $250,000. NOI is projected to grow by 2% per year for the following 2 years, then by 4% per year for the subsequent 2 years at a 2% constant rate afterward. Given a required return of 11%, what is the value of the property?

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Financial Management: A property has a projected year 1 noi of 250000 noi is
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