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The 20 unit complex with $240K annual revenues, $135K annual expenses, and debt service of 5% interest only on 80% of the $1MM total
The 20 unit complex with $240K annual revenues, $135K annual expenses, and debt service of 5% interest only on 80% of the $1MM total cost, provides how much free cash flow after expenses and debt service are paid? 240-135 = 105 - 80 = 25 240 135 = 105 - 40 = 65 %3D 240 - 135 = 105 - 50 = 55 None of these
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
