11. Assume in a particular year a project has the following financials: NOI of $700,000; Annual Debt Service of $430,000 (of which $400K is Interest and $30K is Principal); Original Loan of $6.2M; 39 yr depreciable life; $8M non-land project cost; $300K land cost; ordinary income tax rate of 28%. Round to nearest $1000

What are the BTCF and ATCFs for this year?

Lets say the above project is sold at end of the Year One. Assume Exit cap of 7.5%; Cap Gains Rate of 20% and Depreciation Recapture rate of 25%; no sales cost on sale; mortgage balance at EOY = $6M.

What are the BTCF and ATCF on the sale.