For questions 32-36 please refer to the following info: An investment opportunity having a market price of $1,000,000 is available. You could obtain a $750,000, 25-year mortgage loan requiring equal monthly payments with interest at 7.0 percent. The following operating results are expected during the first year. Effective gross income $200,000 Less operating expenses and CAPX $100,000 Net operating income $100,000

For the first year only, determine the:

Gross income multiplier

A. 4

B. 5

C. 6

D. 3

Operating expense ratio (including CAPX)

A. 50

B. 100

C. 70

D. 60

Debt yield ratio

A. 12.2%

B. 2.22%

C. 11.5%

D. 13.3%

Equity dividend rate

A. 12.2%

B. 11.55%

C. 14.6%

D. 0.9%