please write out the work. not just excel

Question 51 (5 points) A property that has a market value of $1.2 million is expected to generate annual net operating income of $150,000. You are considering three options of financing: 1. No loan 2. A loan at 90% loan to value ratio that will be repaid in equal monthly installments over 25 years, with interest at 7% per annum. 3. A loan at 80% loan to value ratio that will be repaid in equal monthly installments over 20 years, with interest at 5% per annum. . Please calculate the following for each of the three financing options and recommend the best option. Net operating income Annual debt service Before-tax cash flow Purchase price Loan amount Equity invested Return on assets Current yield Question 51 (5 points) A property that has a market value of $1.2 million is expected to generate annual net operating income of $150,000. You are considering three options of financing: 1. No loan 2. A loan at 90% loan to value ratio that will be repaid in equal monthly installments over 25 years, with interest at 7% per annum. 3. A loan at 80% loan to value ratio that will be repaid in equal monthly installments over 20 years, with interest at 5% per annum. . Please calculate the following for each of the three financing options and recommend the best option. Net operating income Annual debt service Before-tax cash flow Purchase price Loan amount Equity invested Return on assets Current yield