1. Comment on the meaning/definition of the current “Crisis Turning” by discussing 9/11, 2007-8 financial meltdown, the environmental crisis, and the Trump paradigm on immigration. Be sure to discuss how this crisis impacts the xers and millennial generations by using examples from your life.
2. Assuming a property is purchased for $155 million that has projected Year 1 NOI of $10.5 million, what is the maximum loan if lender requirements include maximum LTV of 60%, minimum DCR of 125%, and 10% interest only Debt Service Payments?
3. Misra Inc. forecasts a free cash flow of $35 million in Year 3, i.e., at t = 3, and it expects FCF to grow at a constant rate of 5.5% thereafter. If the weighted average cost of capital (WACC) is 10% and the cost of equityis 15%, what is the horizon value in millions at t = 3?