You are an irvestor looking to acquire a 100 unit apartment in Gainesville, FL. it is a Class A property with no major damages (no capital expenditures needed). You can purchase the property for $8,750,000 today and you charge $1,000 a month for each unit on a 12 month lease. You also believe that your rent will grow at a constant yearly rate of 1.5% and project that you will have vacancy and collection losses of 3% annually to account for any of the 100 tenants to not pay a portion of their rent. You are assuming all tenants will need parking so you charge $50 a month for their parking spot (miscellaneous income) Every year maintenance and utilities will cost you $200,000 (Operating Expenses) and it will grow at 1.5% yearly. You think that based on your market projections, you can sell your property in 5 years for $10,500,000 and you expect there to be selling expenses of 6%. You will not invest in this property unless you can realize an unlevered before tax return of 10%. Once you complete the model, answer the quiz questions in canvas. Discounted Cash Flow \begin{tabular}{|l|r|l|} \hline 5 Year Proforma & YR 4 & YRS \\ \hline YR2 & & \\ \hline \end{tabular} important Calculations 5ale Price 32 Selling Expenses 33 Net Sales Proceeds. inpoetant Calculations