Given the Following Information, Calculate the Estimated Terminal Value of the Property

Multiple Choice

Given the following information, calculate the estimated terminal value of the property at the end of its holding period. Going-out cap rate: 9%, Estimated holding period: 5 years, NOI for year 5: $100,500, NOI for year 6: $102,000.

A) $1,113,333
B) $1,116,667
C) $1,133,333
D) $1,166,667