25. You are considering the purchase of a 4-plex apartment building. Effective gross income during the first year of operations is expected to be $33,600.00 ($700.00/month per unit). First year operating expenses are expected to be $13,440.00 (at 40% of EGI). Ignore capital expenditures. The purchase price of the 4-plex is $200,000.00. The acquisition will be financed with $60,000.00 in equity and a $140,000.00 standard fixed rate mortgage. The interest rate on the debt financing is 896 and the loan term is 30 years. Assume, for simplicity, that payments will be made annually and that there are no 15 pts) up-front financing costs. ( 1. What is the overall CAP rate