100 unit apartment complex based on the following conditions: The 100 units is composed of 70 two-bedroom units and 30 three-bedroom units The market rent for a two-bedroom unit is $700 per month and for a three-bedroom unit is $900 per month Other monthly income such as coin laundry, vending machine, etc. is $1,500 . Expected vacancy factor is 10% . Estimated annual expense is 30% of the adjusted gross annual income (the adjusted gross annual income is the income after the vacancy factor is considered) Cap rate is 9% Long term debt service interest rate is 8% (annual interest rate) Loan/value ratio is 70% . . (o Calculate the capitalized value and comment on i. (b) Calculate the debt service coverage ratio and comment on it