1. Monica Geller wants to purchase an industrial building. She has identified one with NOI of $1,650,000. She thinks she can purchase it at a 5% cap rate. What price would she pay?

$33,000,000

2. Monica can come up with $15 million for a down payment. If she borrows the rest, what percentage of the purchase price must she borrow?

54.55%

3. If cap rates shift to 8% after she borrows the money, but the amount of the loan is unchanged, what will be the building's LTV?

92.73%

4. Debt Service Coverage Ratio is defined as NOI divided by total debt service. If the debt service due is 5% interest only, what is the debt service coverage ratio?

1.73

Are my answers correct, if not, why?