Use the below information to complete the operations and reversion proformas, then answer the following 5 questions years Purchase price LTV Term & Am Interest rate Closing costs Holding period Annual income $400,000 70% 20 4.00% $6,000 4 years $5,000 fixed each year taxes Marginal tax rate 30% Taxes due on sale $100,000 Discount rate 15% (before tax) Operations YEAR O NOI CAPEX PBTCF YEAR 1 YEAR 2 YEAR 3 YEAR 4 $ $ $ $ 32,000 40,000 45 500 50,000 $ $ $ $(5,000) (7.000) (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 What is the DCR in year 2? 02.02 None of these are correct 0 1.63 O 1.96 O 1.78 Question 47 What is the before tax IRR for this investment? 19.23% 27.17% None of these are correct O 29.05 % 0 24.32% What is the after-tax NPV for this investment? O $3,925 O None of these are correct O -$2,486 O-$24,166 O $5,771