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Which of the following statements is true regarding a property with value of $ 1 5 , 0 0 0 , 0 0 0 ,

Which of the following statements is true regarding a property with value of $15,000,000, an annual NOI of $1,500,000, monthly debt service of $80,000, annual leasing and tenant improvements of $50,000, annual capital improvements of $35,000 and an annual preferred return of $77,000 to the equity investor?
A. The cash flow after debt is $1,420,000
B. The cash flow after payment of the preferred return is $378,000
C. The cash flow to equity is $205,000
D. The cap rate is 10.5%

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