Task 1 (30 points): Construct the cash flow proforma statement for the following project by filling out the white cells of the following table. A 2-year levered equity investment between t=0 and t=2. The first NOI is 10 at t=1, and NOI grows at 5%/yr until t=3. The cap rate is 5% (going-in) at t=0 and increases by 0.5%/yr to 6% (going-out) at t=2. Capital Expenditures are 10% of NOI. The investment is levered with a two-year interest-only loan at a 5% interest rate with the face value of 80 (i.e., the initial loan amount is 80). . Cash flow pro forma statement T=3 3 years later T=0 Today Cash flow at the beginning of the project T=1 1 year later Cash flows for the first period (between t=0 and t=1) T=2 2 years later Cash flows for the second period (between t=1 and t=2) and the last CF (Cap Rate] NOI Acquisition CF at t = 0 (0) Property BT CF Loan at t = 0 (>0) DS incl. the final pmt. (0) Property BT CF Loan at t = 0 (>0) DS incl. the final pmt. (