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A property produces a first year new operating income of $200,000. It was pruchased for $2,000,000 with an 80% LTV 30 year loan at 7%

A property produces a first year new operating income of $200,000. It was pruchased for $2,000,000 with an 80% LTV 30 year loan at 7% interest with annual payments. The land portion is valued at $200,000 and the building portion is valued at $1,800,000. Depreciation is straight line over 39 years.

a. If taxes are 25%, what is the After tax operating cash flow for the first year?

Please explain how to do this problem utilizaing a fianancial calculator. I know how to do most of it, but for some reason I can't get my calculator to come up with the correct payment. Thanks!

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