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? Year 1 $72,000 60,000 $12,000 Year 2 $74,880 60,000 $14,880 NOI DS Cash flow Resale in year 3 Less mortgage balance Total cash flow Present value of cash flow @ 15% Year 3 $ 77,875 60,000 $ 17,875 900,000 -435,000 $ 482,875 $ 317,498 $12,000 $10,435 $14,880 $11,251 Multiple Choice O 3.5 percent $317,498 2.4 percent $12,000 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? Year 1 $72,000 60,000 $12,000 Year 2 $74,880 60,000 $14,880 NOI DS Cash flow Resale in year 3 Less mortgage balance Total cash flow Present value of cash flow @ 15% Year 3 $ 77,875 60,000 $ 17,875 900,000 -435,000 $ 482,875 $ 317,498 $12,000 $10,435 $14,880 $11,251 Multiple Choice O 3.5 percent $317,498 2.4 percent $12,000