Consider the table for an income property that is under evaluation for purchase with a $455,000 loan. What would be the equity dividend rate? 1 Year 2 Year 3 Year $72,000 $74,880 $ 77,875 60,000 NOI 60,000 60,000 DS Cash flow $12,000 $14,880 17,875 900,000 Resale in year 3 Less mortgage balance -435,000 Total cash flow $12,000 $14,880 482,875 Present value of cash flow e $10,435 $11,251 317,498 15% Consider the table for an income property that is under evaluation for purchase with a $455,000 loan. What would be the equity dividend rate? 1 Year 2 Year 3 Year $72,000 $74,880 $ 77,875 60,000 NOI 60,000 60,000 DS Cash flow $12,000 $14,880 17,875 900,000 Resale in year 3 Less mortgage balance -435,000 Total cash flow $12,000 $14,880 482,875 Present value of cash flow e $10,435 $11,251 317,498 15%