A property that produces NOI of $80,000 is purchased for $750,000. where 60% is financed by debt, at 5% for 30 yrs. The resale price in Year 10 is expected to grow at 1% each year. What is the

1. Debt coverage ratio

2. Equity dividend

3. Equity dividend rate?

this is the solution I want the steps

Q25=

1. Debt coverage ratio = 1.66 2. Equity dividend = $32,000

3. Equity dividend rate = 4.27%