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GAAP NOI= $10,000000 FFO=$12,000,000 CAP RATE=5% DEBT= $40,000,000 PRICE=$4.00 SHARES=80,000,000 Using whichever of the numbers in this example that are relevant, what is the FFO

GAAP NOI= $10,000000 FFO=$12,000,000 CAP RATE=5% DEBT= $40,000,000 PRICE=$4.00 SHARES=80,000,000

Using whichever of the numbers in this example that are relevant, what is the FFO multiple? express your answer to two decimal places

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