You own an 18,000 SF office building with current NOI of $31.20 per SF per year. You are refinancing the property, and the current market indicates a 10.25% cap rate. The appraisal your lender obtained indicated a value based on this NOl and cap rate. Your lender has quoted you the following terms: 8.95% interest rate 20 -year amortization Monthly compounding 55% LTV ratio 1.55x debt coverage ratio Prepayment penalty equal to 2% of loan balance at time of prepayment Determine the following: 4a. The value indicated in the lender's appraisal. 4b. The maximum amount for the loan based on the LTV ratio. 4c. The maximum amount for the loan based on maximum ADS indicated by the debt coverage ratio. 4d. The annual debt service for the lower of the loan amounts from 4b and 4c. 4e. The loan balance in year 4 . 4f. The prepayment penalty if the loan is prepaid in year 4