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Hidetermining a property's betore-tax cash flow from operations (BTCF) and net operating income (NOI) it is important to understand how edch accounts for the of

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Hidetermining a property's betore-tax cash flow from operations (BTCF) and net operating income (NOI) it is important to understand how edch accounts for the of financhal leverage in its calculation. Which of the following staternents is true in resards to how these fwo measures account for the use of firuicial ieverege? Hof is an unievered cash fow, while Noi havievered cash fow Bropis a levered cath fiow, While Noi is an untevered cash flow)

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