An Apartment Complex with the following Particulars is bought by JK Investors for $1,200,000 by borrowing $300,000 at a rate of 5% per year for 10 years (assume annual payments). Number of apartments: 10 Rent per month per apartment: $900.00 Expected vacancy and collection loss: 10 percent Annual maintenance: $18,000 Property taxes: $9,000 Property insurance: $7,000 Management: $8,000 Capital expenditures: $5,000 Other operating expenses: $3,000 Calculate: a) Monthly and Annual Mortgage Payment b) Effective Gross Income c) Net Operating Income d) Effective Gross Income Multiplier e) Overall Capitalization Rate f) Equity Dividend Rate