Question: You are going to purchase a $ 3 , 0 0 0 , 0 0 0 building that is leased to Chipotle. This lease will

You are going to purchase a $3,000,000 building that is leased to Chipotle. This lease will produce NOl of $179,000 next year and you are planning on using a $2,370,000 loan to purchase the building. The loan requires monthly payments of $10,000. What is the first year equity dividend rate?

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