Brueggeran's Chapter 11 (Q2) Year 6 PG 200,000 Vacancy & Collection Loss 20,000 EG 180,000 Expenses 63,000 NOI 117,000 Debt Service 99.994 BTCF 17,006 Cash flow from sale in year 5 Sales Price Sales costs 0 Mortgage Balance 850,191 Before-tax cash flow 598,902 a. What is the first-year debt coverage ratio? (1.17) b. What is the terminal cap rate? (9.36%) c. What is the investors' expected BTIRR? (15.04%) d. What is the NPV using a 14% discount rate? ($15,994) What does this mean? e. What is the profitability index using a 14% discount rate? (1.04) What does this mean