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Assume a property s NOI in Year 1 is $ 2 5 0 , 0 0 0 ; the annual debt service is $ 1

Assume a propertys NOI in Year 1 is $250,000; the annual debt service is $170,000 of which $140,000 is interest; the depreciation expense is $150,000; and the amortized finance costs (AFC) are $2,360. What is the after-tax cash flow (ATCF) in Year 1, assuming the investors marginal income tax rate is 36% and has income on other rental property of over 300,000?
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$95,250
-$17,050
$75,000
$92,050

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