property is 5,000 square feet rent is $20 per square foot and increases $2 per annum vacancy and collection is 5% of pgi real estate taxes are $20,000 in year 1 and increase 5% per annum operating expenses are $25,000 in year 1 and increases $1 per square foot per annum management is 5% of egi discount rate is 11% capitalization rate is 9% calculate the npv
