Using the worksheet on the below conduct a Before Tax/ No Financing Analysis for a 100 unit property and answer the following questions given the following information:

Sales Price should be calculated using year 6 Net operating Income Capped

Cost of Sale is 5%

Question 1 Has four parts which is the questions below

Part A. What is the projected Sales Price of this Property?

Part B. What is the cost of sale?

Part C. What is the sales proceeds before tax?

Part D. What is the internal rate of return for this deal?

Year	1	2	3	4	5	6
Potential Rental Income	1,080,000	1,112,400	1,145,772	1,180,145.16	1,215,549.51	1,252,016
Vacancy	54,000	55,620	57,288.6	59,007.26	60,777.48	62,600.8
Effective Gross Rent	1,027,600	1,058,412	1,090,148	1,122,835.83	1,156,503.93	1,191,181.73
Laundry Income (Other Income)	1,600	1,632	1664.64	1697.93	1,731.89	1,766.52
Collected Income	1,027,600	1,058,412	1,090,148	1,122,835.83	1,156,503.93	1,191,181.73
Operating Expenses	452,144	465,701.3	479,665.1	494,047.8	508,861.7	524,119.96
Net OperatingIncome	575,456	592,710.7	610,482.9	628,788.03	647,642.23	667,061.77