A given the following information, create a Pro Forma and calculate the Equity Dividend Rate for the following apartment complex. Number of apartments: 10; Market Rent (per month): $1,200; Vacancy and collection loss: 10% of potential gross income; operating expenses: 7% of effective gross income; Acquisition price: $1,000,000; LTV=80% @ 7% interest rate with 30 years FRM and 3% up-front fees of the loan amount. Q. What if your LTV rate is 50%? What is your Equity Dividend rate