For a given income property you have estimated for the first year of the holding period that

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Question:

For a given income property you have estimated for the first year of the holding period that NOI is P200,000, debt service is P157,300 (of which P7,300 is principal), and depreciation is P40,000. If the equity investor is in the 28% tax bracket, the first year ATCF (after tax cash flow) is

Question choices:

P39,900

P41,944

P42,700

P47,200