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Answer questions 24 through 31 24. What is the standard in Michigan for a residential tenant to be granted release from a lease where they
Answer questions 24 through 31
24. What is the standard in Michigan for a residential tenant to be granted release from a lease where they are under the threat of domestic assault from co-tenant? a. Preponderance of evidence b. Reasonable doubt C. Reasonable apprehension of danger d. Eyewitness account 25. Which of the following statements are true about the effect of a project's capital structure (composition of equity and debt) on NOI & Cash Flow: a. NOI is independent of the capital structure b. Cash Flow is dependent on the capital structure C. Neither a norb d. Both a and b 26. What is the Gross Rent Multiplier (GRM) for a property with an annual gross rent of $127,000 which sells for $1,168,000? 27. A property with an NOI of $80,000 which sells for $1,200,000 is said to have a capitalization (cap) rate of what percentage? 28. NPV = (PV of Rental Stream + _) - PV of Cost 29. A residential development with land cost of $2,000,000 and construction costs of $9,500,000 generates how much annual depreciation expense used to compute taxable income? 30. What is the highest, marginal U.S. federal income tax paid by a single filer with taxable income of $125,000? = NOI - Depreciation - InterestStep by Step Solution
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