The NOI is $850,000, the debt service is $600,000 of which $550,000 is interest, the depreciation expense is $350,000 and the income tax rate is 35% (1) What is the before- tax cash flow to the equity investor (EBTCF) if there are no capital improvement expenditures or reversion items this period? (2)What is the after-tax cash flow to the equity investor if the income tax rate is 35%