| Original cost | |
| PROJECT | |
| 165 Capitalized Cost (TCC) | 80000 |
| 190 Residual Value | 80000 |
| 195 Land Residual | 16000 |
| 670 Mtge Amortization | 29052 |
| 710 Depreciation | 43182 |
| Developer | |
| 1 196 Equity Residual | 50948 |
| 1 916 Pre-Tax Present Value | 11566 |
| 1 926 Pre-Tax Net Cash | 58977 |
| Lender | |
| 2 670 Mtge Amortization | 29052 |
| 2 916 Pre-Tax Present Value | ¯7802 |
| 2 926 Pre-Tax Net Cash | 44229 |
| Investor | |
| 3 916 Pre-Tax Present Value | ¯37187 |
| 3 926 Pre-Tax Net Cash | ¯41650 |
| All Participants | |
| 99 916 Pre-Tax Present Value | ¯33423 |
| 99 926 Pre-Tax Net Cash | 61556 |
| Developer | |
| 1 936 IROR Pre-Tax | |
| 1 938 FMRR Pre-Tax | |
| Lender | |
| 2 936 IROR Pre-Tax | 8 |
| 2 938 FMRR Pre-Tax | 9 |
| Investor | |
| 3 936 IROR Pre-Tax | |
| 3 938 FMRR Pre-Tax | |
| All Participants | |
| 99 936 IROR Pre-Tax | 5 |
| 99 938 FMRR Pre-Tax | 7 |