Use the below information to complete the operations and reversion proformas (all the way down to after tax), then answer the following 5 questions PurchasepriceLTVTerm&AmInterestrateClosingcostsHoldingperiodAnnualincometaxesMarginaltaxrateTaxesdueonsaleDiscountrate(beforetax)Sellingexpenses(broker)Exitcaprate$800,00075%15years6%$12,0006years(below)30%(akaordinaryinctax)$200,00015%3%5% Qperations NOl CAPEX PBTCF Income taxes on annual operations YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 $33,000$38,000$41,000$47,000$51,000$56,000$61,000 $(5,000)$(6,000)$(7,000)$(8,000)$(9,000)$(10,000) $28,000$32,000$34,000$39,000$42,000$46,000 $(5,000)$(6,000)$(7,000)$(8,000)$(9,000)$(10,000) Based on the OMB and futures sales price at the end of your holding period, what is your loan to value ratio at the time of your exit? In other words, when you sell this property, what is your the loan to value at that time (rounded to the nearest \%)? 45% 35% 30% None of these are correct 40%