You are considering purchasing a small office building for $1,900,000 Your expectations include: . First-year gross potential income of $350,000; Vacancy & collection losses equal to 7% of PGI; Operating expenses = 38% of EGI; Capital expenditures = 5% of EGI; $1,490,200 mortgage @ 5.5%; . Mortgage will be amortized over 30 years; Total up-front financing costs = 1% of the loan amount; Excel Link: Excel page.xlsx O Question 38 (2.5 points) Saved The Equity Dividend Ratio (EDR) is: 17.1% 16.3% 19.8% 11.3%