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You're financing the acquisition of an industrial property in Bedstein, NY with a mortgage for $7,500,000. The loan has a maturity of 5 years and

You're financing the acquisition of an industrial property in Bedstein, NY with a mortgage for $7,500,000. The loan has a maturity of 5 years and a 25-year amortization period. Loan carries a 7% interest rate. The annual debt service is 643,578.88.

If the projected NOI for the property in the first year is 804,473.60, what is the corresponding debt coverage ratio (DCR)?

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