ABC Corporation decided to buy Twin Plaza Commercial Property for $1.2 million. You are applying for a Loan of $900,000 and pay $300,000 cash towards Down Payment. What will be 'Cash on Cash' return if the Corporation received $120,000(after all the expenses) at the end of the year? Later, their accountant said that the Corporation had to pay $15,000 fees in cash for his services. So, the Corporation invested $315,000 cash to buy the Twin Plaza Commercial Property. But, the receipts of $120,000 remained the same for the year. Now, what would be their 'Cash on Cash' return?

1. 45%, 38%

2. 40%, 38%

3. 40%, 83%

4. 83%, 45%