You are considering purchasing a small office building for $2.375,000. The expected first-year potential gross income is $440,000 with a vacancy loss equal to 15% of the PGI. Operating expenses and Capital expenditures are expected to be 40% and 5% of the EGI respectively. The mortgage on the property is 75% LTV at a 6% interest rate with a 20-year term with monthly compounding. A. What is the required equity investment (what is the required down payment)? (3 points) B. Estimate NOI, the debt service paid in a year and the Before Tax Cash Flow. (6 points) For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac). You are considering purchasing a small office building for $2.375,000. The expected first-year potential gross income is $440,000 with a vacancy loss equal to 15% of the PGI. Operating expenses and Capital expenditures are expected to be 40% and 5% of the EGI respectively. The mortgage on the property is 75% LTV at a 6% interest rate with a 20-year term with monthly compounding. A. What is the required equity investment (what is the required down payment)? (3 points) B. Estimate NOI, the debt service paid in a year and the Before Tax Cash Flow. (6 points) For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac)