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In detarmining a property's before-tax cash flows (BTCF) and before-tax equity reversion (BTER), it is important to understand how each accounts for the use of

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In detarmining a property's before-tax cash flows (BTCF) and before-tax equity reversion (BTER), it is important to understand how each accounts for the use of financial leverage. Which of the following statements is true with respect to how BTCF and BTER account for the use of financial leverage? BTCF and BTER are both unlevered cash flows BTCF and BTER are both levered eash fows BTCF is a levered cash fow, while BTER is an unlevered cash flow BTCF is an unievered cash fow, whle BTER is a levered cash flow

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