Question 22 3.5 pts A property owner has a property with a forecast net operating income of $100,000 for next year. A lender has indicated that he would make a loan on the property based on a 1.25 debt service coverage ratio (DSCR), 9.5 percent interest, and 20- year amortization with monthly payments. What loan amount would this owner expect to receive? O $825,000 O $900,000 O $666,667 O $80,000 O $715,207 Question 23 3.5 pts What is the mortgage balance at the end of year 12 for a new mortgage loan of $55,000 with a term of 25 years and monthly payments of $452.16? O $42,047.64 $55,000.00 $40,500.81 O $41,629.36 O $46,321.51 Question 24 3.5 pts Ms. Smith is in the 40-percent tax bracket for ordinary income and 15 percent for capital gains. She just sold a parcel of commercial land that she held for 10 years for $500,000. The costs of the sale were 5 percent of the sales price. The adjusted basis of the property was $300,000. The loan balance at the time of sale was $250,000. What were Ms. Smith's after-tax proceeds from the sale? O $251,000 O $175,000 O $162,000 O $300,000 O $198,750