Klawz Bear would like to invest in a Downtown Greeley apartment building valued at $200,000. He could use cash in his checking account but that would cut into his emergency fund. Alternatively, he could borrow the $130,000 from Greeley Bank at a 7% interest rate. His real estate agent believes the new real estate will generate $41,000 of NOI. (Klawz is in the 35% tax bracket - yes, mascots make A LOT of money!) What would be the Return on Investment if he paid Cash? (Hint: ROI - Earn a/f Taxes / Investment) h 20.50% 13.33% 16.30% 29.62%