Use the below information to complete the operations and reversion proformas, then answer the following 5 questions Purchase price $400,000 70% LTV Term & Am 20 years Interest rate 4,00% $6,000 4 years $5,000 fixed each year Closing costs Holding period Annual income taxes Marginal tax rate Taxes due on sale Discount rate (before tax) 30% $100,000 15% YEAR O Operations NOI CAPEX PBTCF YEAR 1 YEAR 2 YEAR 3 YEAR 4 $ 32,000 $40,000 $ 45,000 $ 50,000 $15.000) $12.000) $_(8.000) $ 0 27,000 $ 33,000 $ 37,000 $ 50,000 YEAR 1 YEAR 2 YEAR 3 YEAR 4 $ 500,000 $_(15,000) $ 485,000 Reversion YEAR O FSP SE NSP Question 48 What is the DCR in year 2? 1.63 2.02 1.96 None of these are correct 1.78 D Question 49 What is the before tax IRR for this investment? 19.23 % 29.05 % 24.32% None of these are correct 27.17%