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2) Given: Annual Debt Service $ 20,3?6 Vacancy & Collection Loss 6% Depreciation 1 0,000 PGI 46,200 Interest 1,70] Operating Expenses 13,400 Marginal Tax Rate

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2) Given: Annual Debt Service $ 20,3?6 Vacancy & Collection Loss 6% Depreciation 1 0,000 PGI 46,200 Interest 1,70] Operating Expenses 13,400 Marginal Tax Rate 23% All numbers are annual a} What is the Before Tax Cash Flow? 11) What is the After Tax Cash Flow'iI

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