Commercial Property \begin{tabular}{|c|c|c|c|} \hline Leasable Space & =300,000sqft & Cap Expenditures & =20% of EGI \\ \hline Average Annual Rent & =$17.00/sqft & LTV & =80% \\ \hline Average Annual Rent Grwth & h=2.5%/ year & Loan Interest Rate & =6% \\ \hline V\&C Losses & =8% of PGI & Amortization & =30yrs \\ \hline Operating Expenses & =35% of EGI & %Bldg/ Total Value = & =75% \\ \hline Miscellaneous Income & =$1.50/sqft & Corporate Tax Rat & ate =30% \\ \hline MI Annual Growth & =2%/ year & Cap Gains Tax Rate & e=15% \\ \hline Going-out Cap Rate & =10.5% & Accum Dep Tax Rate & ate =25% \\ \hline Discount Rate & =10% & Years of Ownership & ip =5 years \\ \hline Selling Expenses & =6% & Purchase Price & =$22.5M \\ \hline \end{tabular} 43) What is your year 1 debt coverage ratio? 2.58 2.40 272 2.16 Question 44 1 pts 44) What is the year 1 break-even ratio excluding capital expenditures? 87% 61% 72% 57% 45) What is the operating expense ratio? 35% 27% 32% 24% Question 46 1 pts 46) What is the going-if cap rate? 14.85% 12.9% 8.10% 7.60% 47) What is the equity dividend rate? 22.6% 10.3% 32.6% 25.5% Question 48 1 pts 48) What is the IRR of the before-tax unlevered cash flows? 17.76% 9.19% 14.47% 18.34% 49) What is the IRR the before-tax levered cash flows? 39.72% 28.74% 51.24% Question 50 50) What is the net present value of the after-tax levered cash flows? $8,190,129 $9,673,624 $7,510,389 $9,357,523