Taylor is thinking of purchasing Ithaca Tower 3 for $2,000,000 and selling it in 5 years. She expects the price of the hotel to appreciate by 2.5% per year for the next five years. Upon sale of Tower 3, she'll have to pay a brokerage fee of 3% of the sale price. Assume each year the NOI is $270,000. She is also considering to finance the purchase with a l0-year 60%,70% or 80% LTV mortgage. The mortgage rate for each of the three scenarios are a. What are the mortgage payments for each of the three scenarios? Create a five-year monthly amortization schedule for each case. (10 points) b. Determine Taylor's equity at the end of year 5 for all three loan scenarios. (15 points) c. What is her unleveraged IRR for Tower 3? (15 points) d. What are her leveraged IRRs for all three loan scenarios? ( 20 points) Taylor is thinking of purchasing Ithaca Tower 3 for $2,000,000 and selling it in 5 years. She expects the price of the hotel to appreciate by 2.5% per year for the next five years. Upon sale of Tower 3, she'll have to pay a brokerage fee of 3% of the sale price. Assume each year the NOI is $270,000. She is also considering to finance the purchase with a l0-year 60%,70% or 80% LTV mortgage. The mortgage rate for each of the three scenarios are a. What are the mortgage payments for each of the three scenarios? Create a five-year monthly amortization schedule for each case. (10 points) b. Determine Taylor's equity at the end of year 5 for all three loan scenarios. (15 points) c. What is her unleveraged IRR for Tower 3? (15 points) d. What are her leveraged IRRs for all three loan scenarios? ( 20 points)