Here is the sample income statement. Answer the following investment question using this information: The Property's Reconstructed Income and Expense Statement Revenues: 24 Apartments Year 1 Rent Receipts: 24 two bedroom units @ monthly rent $800 $230,400 12 one bedroom units @ monthly rent $550 $79,200 Parking Fees: |$4,320 $15 per month for the |2nd car $7,200 $25 per month for covered parking $1,500 Laundry Room Collections $322,620 Total Revenues $32,262 10.0096 fless vacancies @ 2002 Effective Gross Hacam MacBook A covered parking $7,200 Laundry Room Collections $1,500 Total Revenues $322,620 less vacancies @ 10.0096 $32,262 Effective Gross Income $290,358 Total Expenses $172,000 Net Operating Income $118,358 $78,000 Debt Service $40,358 Before Tax Cash Flow Other Possible Applicable Items: Property Price: $900,000 Discount Rate: 12% Initial Equity: $225,000 What is the mortgage constant for the lender? MacBook Air