You are considering purchasing a small office building for $2,775,000. The expected first-year potential gross income is $650,000 with a vacancy loss equal to 10% of the PGI. Operating expenses and Capital expenditures are expected to be 40% and 5% of the EGI respectively. The mortgage on the property is 70% LTV at a 6% interest rate with a 25-year term with monthly compounding. A. What is the required equity investment (what is the required down payment)? B. Estimate NOI, the debt service paid in a year and the Before Tax Cash Flow.