| |
Capitalized value |
| PROJECT |
|
| 165 Capitalized Cost (TCC) |
2308093 |
| 190 Residual Value |
3048160 |
| 195 Land Residual |
609632 |
| 670 Mtge Amortization |
1169300 |
| 710 Depreciation |
222682 |
| |
|
| Developer |
|
| 1 196 Equity Residual |
1051638 |
| 1 880 Inc.Taxes:Equity Residual |
-94416 |
| 1 916 Pre-Tax Present Value |
224513 |
| 1 917 After-Tax Present Value |
128828 |
| 1 926 Pre-Tax Net Cash |
808636 |
| 1 927 After-Tax Net Cash |
599391 |
| |
|
| Lender |
|
| 2 670 Mtge Amortization |
1169300 |
| 2 916 Pre-Tax Present Value |
494285 |
| 2 926 Pre-Tax Net Cash |
1445454 |
| |
|
| Investor |
|
| 3 196 Equity Residual |
827223 |
| 3 880 Inc.Taxes:Equity Residual |
-120130 |
| 3 916 Pre-Tax Present Value |
148503 |
| 3 917 After-Tax Present Value |
66606 |
| 3 926 Pre-Tax Net Cash |
780843 |
| 3 927 After-Tax Net Cash |
598938 |
| |
|
| Other |
|
| 4 916 Pre-Tax Present Value |
-436604 |
| 4 926 Pre-Tax Net Cash |
-468653 |
| |
|
| All Participants |
|
| 99 916 Pre-Tax Present Value |
430698 |
| 99 926 Pre-Tax Net Cash |
2566279 |
| |
|
| Developer |
|
| 1 936 IROR Pre-Tax |
21.17 |
| 1 937 IROR After-Tax |
16.9 |
| 1 938 FMRR Pre-Tax |
18.65 |
| 1 939 FMRR After-Tax |
15.95 |
| |
|
| Lender |
|
| 2 936 IROR Pre-Tax |
25.87 |
| 2 938 FMRR Pre-Tax |
21.4 |
| |
|
| Investor |
|
| 3 936 IROR Pre-Tax |
14.74 |
| 3 937 IROR After-Tax |
12.29 |
| 3 937.1 IROR After-Tax(w/o pass.loss) |
12.51 |
| 3 938 FMRR Pre-Tax |
15.91 |
| 3 939 FMRR After-Tax |
13.81 |
| 3 939.1 FMRR After-Tax(w/o pass.loss) |
14.02 |
| |
|
| Other |
|
| 4 936 IROR Pre-Tax |
|
| 4 938 FMRR Pre-Tax |
-7.63 |
| |
|
| All Participants |
|
| 99 936 IROR Pre-Tax |
14.1 |
| 99 938 FMRR Pre-Tax |
15.02 |
