Accumulated Depretiation: Assume that you purchased a residential investment property for $2,500,000 with a 27.5-year depreciation term: Calculate the amount of tax on the recaptured depreciation (accumulated depreciation) at the end of ten years on that property assuming 75% of its value was attributed to improvements and a 21% tax rate. Ignore the mid-month convention for this calculation. Question 3 1pts Refinancing: Assume that you choose to refinance a property instead of selling it. It is currently worth $10,000,000 and you can get a new loan with an LTV of 85%. You originally purchased the property for $7.500,000 with an LTV of 75% on an interest-only mortgage, how much total NEW debt will you have from refinancing (ignore transaction costs)