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26. If the NOI on a property is $400,000 on a value of $5M and the loan on the property is at a mortgage constant

image text in transcribed 26. If the NOI on a property is $400,000 on a value of $5M and the loan on the property is at a mortgage constant of 9%, then what is the expected cash-on-cash (Ye) return to the investor if their leverage ratio is 4 ? a. 4% b. 1% c. +5% d. +8% e. +75%

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