Given the following, what is the equity capitalization rate? Purchase Price Mortgage Mortgage Interest Rate Amortization Period (Years) Amortization Compounding Period Annual Debt Service PGI Vacancy EGI Operating Expenses Net Operating Income $1,250,000 $937,500 7.50% 20 Monthly $90,629 $223,698 $11,185 $212,513 $85,005 $127,508 3.93% 2.95% 11.80% 10.20%