You are an employee of a consultant company and have been given the following information to do an investment analysis of a new small income-producing property for sale to a potential investor. What is the Before Tax Equivalent Yield computed using the After Tax IRR? (round your final answer to 2 decimals) Asking Price Rent Year 1 Growth Rent $2,000,000 $300,000 3% Vacancy and Coll Loss 10% of rents Expenses 30% of EGI Appreciation Rate 3% Tax Considerations Building Value $1,800,000 Depreciation 39 years Ordinary Income Tax Rate: 35% Capital Gains Tax Rate 20% Depreciation Recapture Tax Rate 25% 200