A developer has put together a business plan to construct a retail structure with the following Pro Forma information: Adjusted Gross Income, Annual: $540,000 Estimated Expenses, Annual: $172,000 Planned Rate of Return: 13% The developer is looking to obtain a longterm loan from a bank to cover the construction of the retail structure. After assessing the developer's credit worthiness, the bank assigns the developer an interest rate of 8.0%. The bank will limit the loan at a ratio 75%, Loan Value to Economic Value. Please build a spreadsheet (similar to the model on page 202) and answer the following questions: - What is the computed Cap Rate that will be used in computations of the Economic (Capitalization) Value? - What is the Economic (Capitalization) Value of the Project? - What is the maximum loan value the bank will be willing to lend based on all of these factors