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A property has first year NOI of $1.5 million. NOI grows at 7% during the next...

A property has first year NOI of $1.5 million. NOI grows at 7% during the next two years. In year four, NOI goes drops 50% due to a lost tenant. You are very lucky and replace the tenant. Year five NOI is 4X year four. (continues below…)

  1. What is year 5 NOI?
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