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Use the following information to answer questions 26-30. Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Sale 1,500,000 Equity 400,000 -Selling

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Use the following information to answer questions 26-30. Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Sale 1,500,000 Equity 400,000 -Selling Exp 105,000 PG 128,500 132,355 136,326 140,415 144,628 Net Sale 1,395,000 -V&CL 3,353 8.603 8,861 9,127 9,401 -Out. MB 909,784 +Misc.inc. 2570 2647 2,72 2808 2893 BTCF Sale 485,216 +Exp. Reimb 8,481 8,735 8,997 9.267 9,545 EG 131,199 135,134 139,188 143,364 147,665 -Oper.Ex. 52479 54,054 56,675 57,346 59,066 NOI 78,719 81,081 83,513 86.018 88,599 -CAPX NOF 78,719 81,081 83,513 86,018 88,599 -ADS 64,419 64.419 64,419 64.419 64,419 BTCF Opt 14,301 16,662 19,094 21,600 24,180 30. Using the value of the equity, Ve, calculated in 29 above and assuming a mortgage loan of $1.0 million, what is the total estimated value of the project, Vo.? Show how you determined this. (8 pts - show work)

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