14) An investor is looking to acquire an office building with 5 tenants that occupying the entire building. a. (1pt) What is the most an investor can pay for a project if they can a purchase below a 6% cap rate and the project has total monthly expenses of $41,000 and total monthly rental income from the 5 tenants of $193,000? b. (1pt) After acquiring the asset, the new owner provides a new service in the building that costs the owner an additional $2,600 per month for each tenant, and results in each tenant paying an additional $4,400 per month. If the owner can now sell the building for $32,100,000 what would be the buyer's cap rate? c. (1pts) How much additional NOI after providing this new service would be needed at the same cap rate, to increase the purchase price to at least $35,000,000