Suppose that you are considering an investment in an apartment building. Use the information provided below to answer the questions that follow: Type of Property: Apartment buliding Number of Units: 30 Average Rent (Year 1): \$1,500 per unit per month Annuat Growth In Average Reint: 5% Vacancy and Collection Losses: 5% of Potential Gross Income Other thcome (Year 1): $50 per unit per month Annual Growth in Other Income: 3% Operating Expenses: 35% of Effective Gross Income Capital Expenditures: 4% of Effective Gross Income Selline Expenses: 5% of Future Selling Price Going-Out Cap Rate: 6.5% Expected Purchase Price: $5.25 milion Loan Terms: Loan Amount: 85% of Purchase Price Interest Rate: 45% per year with monthly payments and monthly compounding Amortization Term: 30 years Question 1 (1 point) Saved What is the NOI in year 1 ? Your Answer: Answer Question 2 ( 1 point) What is the monthly payment (Round your answer to two decimal places)? Your Answer: Answer Question 3 (1 point) What is the annual debt service in year 1 (Round your answer to two decimal places) Your Answer: Answer Question 4 ( 1 point) What is the Before-Tax Cash Flow(BTCF) in year 1 (Round your answer to two decimal places)? VourAnswer: Answer Question 5 (1 point) What is the annual debt service in year 2 (Round your answer to two decimal places)? Your