Question: Question Completion Status: Question 29 10 points Save Answer Initial Loan amount: 974,057 NO Debt Service Cash flow (before tax) Resale in year 3 Mortgage

Question Completion Status: Question 29 10 points Save Answer Initial Loan

Question Completion Status: Question 29 10 points Save Answer Initial Loan amount: 974,057 NO Debt Service Cash flow (before tax) Resale in year 3 Mortgage payoff Total Cash Flow 1 94,700 77,765 $16,935 2 $97,068 77,765 $19,302 3 $99,494 77 765 $21,729 1,274,769 (942.176) $354,322 $16,935 $19,302 PV of each year's CF @ 10.0% 15,395 15,952 266,208 Consider the table above for a hypothetical income property that is available for purchase. Using the principles of mortgage equity capitalization (where the equity position is valued separately from debt), what is the estimated total property value (rounded to the nearest $100)? Ch10 O a. $1,271,600 O b. $1,422,700 O c. $1,299,300 O d. $1,182,200 99+ 79F Sunny O 1:54 PM 4/3/2022 hp

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