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Given: Annual Debt Service Vacancy & Collection Loss Depreciation PGI Interest Operating Expenses Marginal Tax Rate $ 20,876 5% 10,000 46,200 1,701 19,400 28%

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Given: Annual Debt Service Vacancy & Collection Loss Depreciation PGI Interest Operating Expenses Marginal Tax Rate $ 20,876 5% 10,000 46,200 1,701 19,400 28% All numbers are annual a) What is the Before Tax Cash Flow? b) What is the After Tax Cash Flow?

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