Assuming a sale date of December 2020, what will be the net proceeds from sale...

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Finance

Assuming a sale date of December 2020, what will be the net proceeds from sale if we have a resale calculation that capitalizes the NOI 12 months after sale? (Rounded to the nearest dollar)

Resale Cap Rate of 10%

Adjustments of -3%

NOI

2016

314,227

2017

376,252

2018

410,713

2019

407,746

2020

415,415

2021

404,263

Total

2,328,617

a) $3,921,351

b) $4,154,150

c) $4,042,630

d) $4,029,526

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