You are considering the purchase of a quadruplex apartment building. Effective gross income $($EGI$)$ during the first year of operations is expected to be $$33,600($ $$700$ per month per unit$).$ First$-$year operating expenses are expected to be $$13,440($at $40$ percent of EGI$).$ Ignore capital expenditures. The purchase price of the quadruplex is $$200,000.$ The acquisition will be financed with $$60,000$ in equity and a $$140,000$ standard fixed$-$rate mortgage. The interest rate on the debt financing is eight percent and the loan term is $25$ years $($monthly payment and monthly compounding$).$What is the overall capitalization rate? $10\mathrm{.}08\%$

What is the equity dividend rate? $($Round your answer to two decimal places. If you calculate equity dividend rate as $11\mathrm{.}56\%,$ report it as $11\mathrm{.}56)$