Assume in a particular year aprojecthas the following financials: NOI o $700,000; Annual Bedt Service o $430,000 (of which $400k is intrest and 30k is priciple); original loan debt of 6.2M: 39 yr depreciable life: $8M non-land project cost; $300k land cost: ordinary incometax rate of 28%, round to nearest $1000

What are the BTCF and ATCF for this year?

Lets saythe aboveproject is sold at the end of year one. assume exit cap of 7.5%; cap gains rate of 20% and depreciation recapture rate of 25%; no sales cost on sale; mortgage balance at EOY = $6m

What are the BTCF and ATCF on the sale?