| |
Capitalized value |
| PROJECT |
|
| 165 Capitalized Cost (TCC) |
164170 |
| 190 Residual Value |
308972 |
| 195 Land Residual |
61794 |
| 670 Mtge Amortization |
130571 |
| 710 Depreciation |
106599 |
| |
|
| Developer |
|
| 1 196 Equity Residual |
79848 |
| 1 370 Return of Investment |
36759 |
| 1 880 Inc.Taxes:Equity Residual |
-51861 |
| 1 916 Pre-Tax Present Value |
20518 |
| 1 917 After-Tax Present Value |
23546 |
| 1 926 Pre-Tax Net Cash |
139372 |
| 1 927 After-Tax Net Cash |
110753 |
| |
|
| Lender |
|
| 2 670 Mtge Amortization |
130571 |
| 2 916 Pre-Tax Present Value |
3240 |
| 2 926 Pre-Tax Net Cash |
185133 |
| |
|
| Investor |
|
| 3 195 Land Residual |
61794 |
| 3 916 Pre-Tax Present Value |
8053 |
| 3 926 Pre-Tax Net Cash |
73902 |
| |
|
| Other |
|
| 4 916 Pre-Tax Present Value |
2695 |
| 4 926 Pre-Tax Net Cash |
20426 |
| |
|
| All Participants |
|
| 99 916 Pre-Tax Present Value |
65935 |
| 99 926 Pre-Tax Net Cash |
418833 |
| |
|
| Developer |
|
| 1 936 IROR Pre-Tax |
30.86 |
| 1 937 IROR After-Tax |
55.28 |
| 1 938 FMRR Pre-Tax |
25.6 |
| 1 939 FMRR After-Tax |
29.79 |
| |
|
| Lender |
|
| 2 936 IROR Pre-Tax |
15.79 |
| 2 938 FMRR Pre-Tax |
14.31 |
| |
|
| Investor |
|
| 3 936 IROR Pre-Tax |
22.05 |
| 3 938 FMRR Pre-Tax |
20.92 |
| |
|
| Other |
|
| 4 936 IROR Pre-Tax |
14.7 |
| 4 938 FMRR Pre-Tax |
13.09 |
| |
|
| All Participants |
|
| 99 936 IROR Pre-Tax |
19.06 |
| 99 938 FMRR Pre-Tax |
17.64 |