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After the third year of operations, a firm has an annual NOI of $575,000 with outstanding debt of: 6.6%, 10-year loan of $3,000,000 paid quarterly

After the third year of operations, a firm has an annual NOI of $575,000 with outstanding debt of: 6.6%, 10-year loan of $3,000,000 paid quarterly 5.0%, 15-year loan of $2,500,000 paid monthly. What is this year debt coverage ratio?

1.51

1.86

1.82

1.24

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