Suppose you are considering the purchase of an apartment building that has 12 units that can be rented out at $1,050 per month per unit. You have estimated the total operating expenses and expected vacancy and collection losses for the first year to be $35,700 and $30,240, respectively. You also have estimated that you will be able to generate an additional $3,840 in the first year from garage rentals on the property. If the expected purchase price of the property is $1,100,000 and you are planning on making a 10% down payment, calculate the debt yield ratio (choose the closest.answer) 8.0% 8.5% 9.0% 12.0%