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INSTRUCTIONS:

You are considering a real estate investment with the following parameters and a five

year holding period.

Calculate the unlevered and levered NPV and IRR and develop a Mortgage Debt schedule based on the Amortization Period.

Please make your calculations to the "right of the data" on this worksheet.

Based solely on these calculations, would you proceed with the investment and why?

$**$Can you show the calculations$**$