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27. You recently purchased an investment property for $16,570,000. Annual NOI for the property is $1,077,000. Your loan has a 75% loan-to-value ratio, a 5.25%

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27. You recently purchased an investment property for $16,570,000. Annual NOI for the property is $1,077,000. Your loan has a 75% loan-to-value ratio, a 5.25\% interest rate, and 25-year amortization (compounded monthly). What is the indicated debt coverage ratio? (Present your answer as a number with two decimal points, e.g., 1.85.)

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