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a) What is the Before Tax Cash Flow? b) What is the After Tax Cash Flow? Given: Annual Debt Service$20,876 Vacancy & Collection Loss5% Depreciation11,000

a) What is the Before Tax Cash Flow?

b) What is the After Tax Cash Flow?

Given: Annual Debt Service$20,876

Vacancy & Collection Loss5%

Depreciation11,000

PGI46,200

Interest1,700

Operating Expenses18,400

Marginal Tax Rate28%

All numbers are annual

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