I need full detailed and explained answers of attached documents with formula (FORMULA is very important for ) me real estate Finance and Investment chapter 10 Test Bank questions.

MULTIPLE CHOICE I need to know which formulas are used and explanations to figure out the answers Real Estate Finance and Investments Chapter 10 Test Bank Price Effective gross income % operating expense NOI Comp 1 $300,00 0 50,000 50% 25,000 Comp 2 Comp 3 $350,000 55,000 55% 30,000 $375,000 60,000 54% 32,500 1. Consider the table above. Assume that the subject property has effective gross income of $53,000 and a NOI of $27,500. What value would a GIM approach yield (rounded to the nearest $100)? (C) (A) $322,600 (B) $325,600 (C) $328,600 (D) $330,000 2. Consider the table above. Assume that the subject property has effective gross income of $53,000 and a NOI of $27,500. What value would a cap rate approach yield (rounded to the nearest $100)? (A) (A) $322,600 (B) $325,600 (C) $328,600 (D) $330,000 3. Consider a building with a very long economic life. Assume at the end of year 6, NOI will be $80,000 as is expected to grow at a rate of 2 percent per year. You company's required rate of return is 12 percent. As part of your analysis, you must calculate the reversion value (REV) at the end of year 5, which would be: (C) (A) $571,429 (B) $666,667 (C) $800,000 (D) $4,000,000 4. Consider a property with NOI of $72,000 and a debt coverage ratio of 1.2 applied to first year NOI. What would be the estimated monthly mortgage payment? (A) (A) $5,000 (B) $7,200 (C) $60,000 (D) $86,400 Year 1 Year 2 Year 3 NOI DS Cash flow Resale in year 3 Less mortgage balance Total cash flow Present value of cash flow @ 15% $72,000 $74,880 60,000 60,000 $12,000 $14,880 $77,875 60,000 $17,875 900,000 -435,000 $12,000 $14,880 $482,875 $10,435 $11,251 $317,498