$2$uestion $8(1$ point$)$

Given the following information, calculate the debt yield ratio on the following commercial property.

Estimated Net Operating Income in the first year: $$2,500,000$

Debt service in the first year: $$960,000$

Loan amount: $$18,000,000$

Purchase price: $$27,300,000$

$12\mathrm{.}5\%$

$68\mathrm{.}60\%$

$13\mathrm{.}9\%$

$4\mathrm{.}8\%$