| |
Capitalized value |
| PROJECT |
|
| 165 Capitalized Cost (TCC) |
3785 |
| 190 Residual Value |
3545 |
| 195 Land Residual |
708.9157 |
| 670 Mtge Amortization |
2837 |
| 710 Depreciation |
2744 |
| |
|
| Developer |
|
| 1 196 Equity Residual |
706.7509 |
| 1 880 Inc.Taxes:Equity Residual |
-244.2938 |
| 1 916 Pre-Tax Present Value |
328.9364 |
| 1 917 After-Tax Present Value |
184.9377 |
| 1 926 Pre-Tax Net Cash |
1216 |
| 1 927 After-Tax Net Cash |
808.3804 |
| |
|
| Lender |
|
| 2 670 Mtge Amortization |
2837 |
| 2 916 Pre-Tax Present Value |
-313.854 |
| 2 917 After-Tax Present Value |
-522.8954 |
| 2 926 Pre-Tax Net Cash |
5318 |
| 2 927 After-Tax Net Cash |
4786 |
| |
|
| Investor |
|
| 3 196 Equity Residual |
0.7075 |
| 3 880 Inc.Taxes:Equity Residual |
-583.8804 |
| 3 916 Pre-Tax Present Value |
-303.5466 |
| 3 917 After-Tax Present Value |
199.2473 |
| 3 926 Pre-Tax Net Cash |
-237.9789 |
| 3 927 After-Tax Net Cash |
152.7759 |
| |
|
| Other |
|
| 4 916 Pre-Tax Present Value |
-26.143 |
| 4 917 After-Tax Present Value |
-72.6665 |
| 4 926 Pre-Tax Net Cash |
277.3823 |
| 4 927 After-Tax Net Cash |
221.9058 |
| |
|
| All Participants |
|
| 99 916 Pre-Tax Present Value |
-795.0693 |
| 99 926 Pre-Tax Net Cash |
6574 |
| |
|
| Developer |
|
| 1 936 IROR Pre-Tax |
151.67 |
| 1 937 IROR After-Tax |
67.21 |
| 1 938 FMRR Pre-Tax |
12.88 |
| 1 939 FMRR After-Tax |
10.84 |
| |
|
| Lender |
|
| 2 936 IROR Pre-Tax |
7.79 |
| 2 937 IROR After-Tax |
7 |
| 2 938 FMRR Pre-Tax |
6.14 |
| 2 939 FMRR After-Tax |
5.78 |
| |
|
| Investor |
|
| 3 936 IROR Pre-Tax |
|
| 3 937 IROR After-Tax |
|
| 3 937.1 IROR After-Tax(w/o pass.loss) |
1.64 |
| 3 938 FMRR Pre-Tax |
-0.8 |
| 3 939 FMRR After-Tax |
|
| 3 939.1 FMRR After-Tax(w/o pass.loss) |
2.47 |
| |
|
| Other |
|
| 4 936 IROR Pre-Tax |
10.73 |
| 4 937 IROR After-Tax |
8.51 |
| 4 938 FMRR Pre-Tax |
4.48 |
| 4 939 FMRR After-Tax |
4.39 |
| |
|
| All Participants |
|
| 99 936 IROR Pre-Tax |
8.6 |
| 99 938 FMRR Pre-Tax |
6.76 |