THE NEXT TWO $(2)$ QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:

An appraiser finds the stabilized NOI for a medium$-$sized warehouse is $$357,000.$ A private investor is considering purchasing the property for $$5,500,000$ with a $$2,500,000$ mortgage at an interest rate of $j_2=8\%$ with a $25-$year amortization period, a $5-$year term, and monthly payments. The building represents $60\%$ of the property's value and the current depreciation expense is $$76,000.$ The structure is in a $4\%$ CCA class. Round your final answers to the nearest dollar.

$11.$ Assuming the investor purchases the property today at the start of the fiscal year; calculate the first year's year$-$end before$-$tax income and before$-$tax cash flow, respectively.

$(1)$ $$81,000$;$$122,800$

$(2)$ $$168,000$;$$128,036$

$(3)$ $$85,442$;$$128,036$

$(4)$ $$112,000$;$$123,460$

$12.$ Calculate the after$-$tax cash flow given the investor is taxable at a $50\%$ tax rate, the CCA in Year $1$ is $$66,000,$ and the interest in Year $1$ is $$195,558.$

$(1)$ $$109,093$

$(2)$ $$112,500$

$(3)$ $$14,721$

$(4)$ $$80,315$