you need to analyzing an apartment building with 12 rent units the market evidence reveals that each unit should rent for 475 per month and the local vacancy rate is o%, variable expenses are estimated to be 30% of EGI and fixed expenses are estimated to be 200 per month. the ,market derived cap rate is 11% You borrow 75% loan to value ratio at 11% fixed rate. fully amortized, 20 year loan with monthly payments. You depreciate the property over 27.7 year on a straight line basis. You purchase the property at market values, which was determined using direct capitalization. Respond to the following with cash response being worth 2 points Show all work to get full credit. Ignore half month convention rule on depreciation. Respond each question

First Year's Depreciation Expense

Firs Year's Interest Expense

BTCF (without)

BTCF (with)

ATCF (without)

ATCF (with)