Q1. If rent grows at 5% starting in year 2, what is the PGI in year 5?

Q2. Based on the new Operating Expenses, what is the NOI in year 1?

Q3. If the land is 20% of the asking price, what is the value of the land?

Q4. The new annual depreciation (a non-cash expense for tax purposes) is what?

Q5. Based on the income tax rate of 37%, what is the After Tax Cash Flow from Operations in Year 1?

Q6. What is the CRA Recapture Tax?

Q7. What is the Capital Gain Tax based on a 20% tax rate?

Q8. What is the After Tax Cash Flow on Reversion?

Q9. What is the NPV for this investment if the required return is 18%?

Q10. Based on the NPV or IRR decision criteria, would you invest in this property?