Mrs. Johnson is considering buying a property for $2,900,000 with estimated acquisition costs of $37,000. She plans to use $2,000,000 in debt financing which has loan costs of $40,000 and the annual debt service is $185,333. The forecast for year 1NOI is $250,000. Mrs. Johnson's forecast cash on cash return for year one is: 4.68 percent 4.98 percent 5.32 percent 6.62 percent