Suppose that an investor is considering the purchase of a 22,000 square foot shopping center for $5 million. Financing is available at 70% LTV with a 30year amortization at 5.30% with financing costs of 2 percent of the loan amount. The average rent is $24 per square foot and increases at 3% per year. Allow for a 5% vacancy rate and assume that operating expenses will be 24% of EGI. Use an 8% terminal cap rate to determine the sales price and assume sales costs of 5%. Create a fiveyear forecast of all cash flows