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Given the following information, calculate the debt coverage ratio for this investment: potential gross income: $120,000; vacancy rate: 9%; net operating income: $57,900; operating expenses:
Given the following information, calculate the debt coverage ratio for this investment: potential gross income: $120,000; vacancy rate: 9%; net operating income: $57,900; operating expenses: $51,300; acquisition Price: $520,000; debt service: $40,000.
A. 0.69
B. 1.45
C. 2.73
D. 8.29
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