Multi-Lynx Companies, Inc. borrowed US$30.0 million to design and build 300 new luxury apartments next to the University of South Florida in Tampa, Florida, USA. The money was borrowed at 6% annual interest rate, and the entire loan will be repaid in equal annual installments (principal and interest) over a 40-year period.

Annual operating, maintenance, and insurance expenses are US$4,000.00 per apartment, no matter the number of apartment units rented.

Rental fee per apartment is US$1,200.00 per month, and worst case occupancy rate is projected to be 80%.

1. How much profit or loss will Multi-Lynx incur each year at 80% occupancy rate?
2. If the occupancy rate increased to 90%, how much profit or loss per year will Multi-Lynx incur?