Ridge Business Center

Ridge Business Center is a warehouse/office property in Charlotte. The property includes a well-maintained building totalling 5
The property has been offered for sale by the current owner at asking price of $5 Million. As a Financial Analyst of XYZ Investo
be a good acquisition for the company. An investment must generate a minimum of 15% IRR for XYZ Investors.
Please build a financial model using the assumptions below to provide an answer to the Management. Required sheets have b

Investment Assumptions
Acquisition Date 1-Jan-21
Holding Period 5 years * time for which the property is owned
Sale Date last day of 60th month
Terminal Cap Rate 7.5% * This rate is used to determine Sale Price by the following formula: Sale Price=
Cost of Sale 2% * 2% of Sale Earnings go to broker/lawyer

Loan Assumptions
Loan Start Date 1-Jan-21
Term of Loan 5 years
LTV 75% * of Price
Interest Rate 4.0%
Loan Fees 1%
Amortization Period 25 years * Calculate monthly loan payments, you will need an amortization schedule

Rent Assumptions
1) Assume rents increase every year on first day of the calendar year
2) Rents shown are Annual rents on a per square feet basis. Convert them to monthly rents and actual $ as and when required
3) NNN leases are triple net leases, tenant has to pay their proportionate share of CAM, taxes and insurance over and above th
4) Consider Suite 1006 as vacant for the entire duration of 5 years

Rent Roll ( As of 31 July, 2020)

Suite Leased Area Status Lease Start Date Lease End Date
(sq. ft) (mm/dd/yy) (mm/dd/yy)
1001 10,000 Occupied 03/01/18 03/31/28
1002 10,000 Occupied 06/01/19 06/30/29
1003 15,000 Occupied 01/01/20 01/31/30
1004 5,000 Occupied 03/01/18 03/31/28
1005 10,000 Occupied 06/01/19 06/30/29
1006 6,000 Vacant
Total 56,000

Expense Assumptions
1) All expenses are paid by landlord
2) All expenses grow 2% annually

Expense Assumptions
Expense Type Annual Expense ($)
CAM $25,000
Taxes $75,000
Insurance $25,000
Utilities $20,000
Repairs $45,000
Total $190,000

Capital Expenditure
Year Annual Amount
($ psf)
2021 $2.00
2022 $1.25
2023 $1.00
2024 $1.00
2025 $1.00
maintained building totalling 50,000 sq ft in leasable area.
ancial Analyst of XYZ Investors, you are expected to identify if the property will
XYZ Investors.
ment. Required sheets have been provided.

ollowing formula: Sale Price= 5th Year NOI/Terminal Cap Rate

an amortization schedule

ctual $ as and when required.

d insurance over and above the rent

Annual Rent PSF Rent Increase Date Rent Increase Lease Type
(as of 31 July, 20) (mm/dd/yy) Annual (%)
$12.15 01/01/21 3% NNN
$11.50 01/01/21 3% NNN
$10.75 01/01/21 3% NNN
$12 01/01/21 5% NNN
$12 01/01/21 5% NNN

$10.32
You must calculate the sections mentioned below on this page, you can add assumptions or other information yo

Purchase Price 5,000,000

Net Sale Price 5,367,789
Year 0 Year 1 Year 2 Year 3
Net Cash Flow Before Debt (yearly) (1,287,500) 287,750 342,383 372,747
Net Cash Flow After Debt (yearly) 50,223 104,856 135,220

Sources and Uses of Cash Flow Returns & Yields

Sources Total % Equity Multiple
Debt 3,750,000 75% Levered IRR
Equity 1,250,000 25% Levered Profit
Total 5,000,000 100% Return on Equity

Uses Total % Year 1

Acquisition 5,000,000 NOI 287,750
Loan Fee 37,500 1% Annual Debt Service 237,527
Initial Investment 1,287,500
Total 6,325,000 50,223

Sale Price = 5th year NOI / terminal Value 5,477,335

Selling Cost = 2% 109,547
r other information you deem relevant to this dashboard page

Year 4 Year 5
391,375 410,800
153,849 5,541,062

4.65
12%
4,697,710.42
3.65

Year 2 Year 3 Year 4 Year 5

342,383 372,747 391,375 410,800
237,527 237,527 237,527 237,527

104,856 135,220 153,849 5,541,062

 Test Taker First Name: Suraj
Test Taker Last Name: Kirola
Test Taker Email:
Test Taker Phone Number:

Instructions:
1. Answer all the questions below
2. Once you finish make a simple DCF model and debt amortization schedule with the assumptions provided

Qs 1. Please refer to the excel sheet for the case study – Ridge Business Center. Use functions of Excel wherever necessary
Answer: The company needs to carefully evaluate the anticipated IRR in comparison to the target IRR, and also take into acco
12% falls short of the 15% target, the ultimate decision should reflect a comprehensive assessment of the investmen

Qs 2. Investor A & B both invested $100,000 in a private investment and were promised 10% IRR.
- A received $15,000 in Year 1 and $5000 in Year 2
- B received $10,000 in Year 1 and $10,000 in Year 2
Both of them exited the investment at the end of 2nd year. Even though both got 10% IRR on their investments, wha

Answer: Investor A received a larger portion of their returns earlier, while Investor B received equal amounts in both years. A
money sooner is advantageous as it allows for earlier reinvestment. Despite both investors achieving a 10% IRR, Inve
available in the first year compared to Investor A.

Qs 3. Bond yields are inversely related to Interest Rates. What is the explanation for this relationship?
Answer:
Bond prices and yields move in opposite directions. When interest rates rise, new bonds offer higher yields, making e
the prices of existing bonds fall to adjust their yields to align with the new rates. On the other hand, when interest ra
appealing, causing their prices to increase.

Qs 4. What is DSCR? Why is it important to lenders?

Answer: DSCR is a metric that indicates the cash flow available to cover current debt obligations. A DSCR greater than 1 sugge
its debt payments. Lenders use DSCR to evaluate lending risk and ensure the property can fulfill its debt obligations.

Qs 5. Our client is a real estate private equity company that focuses on multifamily acquisitions. A property we are looking
What is the cap rate?
Answer: CAP Rate= NOI / Pur price
CAP Rate = 5,67,678 / 1,06,50,567
CAP Rate = 5.33%

Qs 6. Describe what a promote structure is (also known as a waterfall) for sponsors and investors in real estate?

Answer: It defines how cash flows from the investment are distributed between sponsors and investors. This structure includ
Return of Capital: Investors get back their initial investment.
 Test Questions

of Excel wherever necessary, no macros should be used for the case study. Calculate Levered IRR on the investment using the data provid
t IRR, and also take into account various strategic, financial, and risk-related considerations before making a decision. Although the expect
assessment of the investment’s overall impact on the company.

RR on their investments, what could be the possible reason for B’s unhappiness?

ual amounts in both years. According to the time value of money principle, receiving
ors achieving a 10% IRR, Investor B might be dissatisfied because they had less money

offer higher yields, making existing bonds with lower yields less attractive. As a result,
other hand, when interest rates fall, existing bonds with higher yields become more

A DSCR greater than 1 suggests that the property generates enough income to meet
an fulfill its debt obligations.

ns. A property we are looking at has a net operating income (NOI) of $567,678. The asking price is $10,650,567.

tors in real estate?

vestors. This structure includes several tiers, such as:

estment using the data provided.
decision. Although the expected IRR of
Analysis Date 1-Jan-21
1/1/2021
Month 0 Month 1 Month 2 Month 3 Month 4 Month 5
Sections required
Income 48,146 48,146 48,146 48,146 48,146
Expenses 15,833 15,833 15,833 15,833 15,833
Cap Exp 8,333 8,333 8,333 8,333 8,333
Cash flow Before Debt 23,979 23,979 23,979 23,979 23,979
Cash Flow After Debt 4,185 4,185 4,185 4,185 4,185
Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Month 13

48,146 48,146 48,146 48,146 48,146 48,146 48,146 49,890

15,833 15,833 15,833 15,833 15,833 15,833 15,833 16,150
8,333 8,333 8,333 8,333 8,333 8,333 8,333 5,208
23,979 23,979 23,979 23,979 23,979 23,979 23,979 28,532
4,185 4,185 4,185 4,185 4,185 4,185 4,185 8,738
Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21

49,890 49,890 49,890 49,890 49,890 49,890 49,890 49,890

16,150 16,150 16,150 16,150 16,150 16,150 16,150 16,150
5,208 5,208 5,208 5,208 5,208 5,208 5,208 5,208
28,532 28,532 28,532 28,532 28,532 28,532 28,532 28,532
8,738 8,738 8,738 8,738 8,738 8,738 8,738 8,738
Month 22 Month 23 Month 24 Month 25 Month 26 Month 27 Month 28 Month 29

49,890 49,890 49,890 51,702 51,702 51,702 51,702 51,702

16,150 16,150 16,150 16,473 16,473 16,473 16,473 16,473
5,208 5,208 5,208 4,167 4,167 4,167 4,167 4,167
28,532 28,532 28,532 31,062 31,062 31,062 31,062 31,062
8,738 8,738 8,738 11,268 11,268 11,268 11,268 11,268
Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36 Month 37

51,702 51,702 51,702 51,702 51,702 51,702 51,702 53,584

16,473 16,473 16,473 16,473 16,473 16,473 16,473 16,802
4,167 4,167 4,167 4,167 4,167 4,167 4,167 16,802
31,062 31,062 31,062 31,062 31,062 31,062 31,062 32,615
11,268 11,268 11,268 11,268 11,268 11,268 11,268 12,821
Month 38 Month 39 Month 40 Month 41 Month 42 Month 43 Month 44 Month 45

53,584 53,584 53,584 53,584 53,584 53,584 53,584 53,584

16,802 16,802 16,802 16,802 16,802 16,802 16,802 16,802
16,802 16,802 16,802 16,802 16,802 16,802 16,802 16,802
32,615 32,615 32,615 32,615 32,615 32,615 32,615 32,615
12,821 12,821 12,821 12,821 12,821 12,821 12,821 12,821
Month 46 Month 47 Month 48 Month 49 Month 50 Month 51 Month 52 Month 53

53,584 53,584 53,584 55,539 55,539 55,539 55,539 55,539

16,802 16,802 16,802 17,139 17,139 17,139 17,139 17,139
16,802 16,802 16,802 4,167 4,167 4,167 4,167 4,167
32,615 32,615 32,615 34,233 34,233 34,233 34,233 34,233
12,821 12,821 12,821 461,755 461,755 461,755 461,755 461,755
Month 54 Month 55 Month 56 Month 57 Month 58 Month 59 Month 60

55,539 55,539 55,539 55,539 55,539 55,539 55,539

17,139 17,139 17,139 17,139 17,139 17,139 17,139
4,167 4,167 4,167 4,167 4,167 4,167 4,167
34,233 34,233 34,233 34,233 34,233 34,233 34,233
461,755 461,755 461,755 461,755 461,755 461,755 461,755
* Summarize the monthly Cash flow Annually here (Amt in USD)
Year 1 Year 2 Year 3 Year 4 Year 5
Revenue Suite 1 121,500 125,145 128,899 132,766 136,749
Suite 2 115,000 118,450 122,004 125,664 129,434
Suite 3 161,250 166,088 171,070 176,202 181,488
Suite 4 60,000 63,000 66,150 69,458 72,930
Suite 5 120,000 126,000 132,300 138,915 145,861
Suite 6 - - - - -

Total Rent 577,750 598,683 620,423 643,005 666,462

Expenses CAM 25,000 25,500 26,010 26,530 27,061

Taxes 75,000 76,500 78,030 79,591 81,182
Insurance 25,000 25,500 26,010 26,530 27,061
Utilities 20,000 20,400 20,808 21,224 21,649
Repairs 45,000 45,900 46,818 47,754 48,709

Total Exp 190,000 193,800 197,676 201,630 205,662

Capial Expenses (per Sq ft) 2.00 1.25 1.00 1.00 1.00

Total Are 50,000 50,000 50,000 50,000 50,000

Total Cap Exp 100,000 62,500 50,000 50,000 50,000

Net Operating Income 287,750 342,383 372,747 391,375 410,800

Loan amount 3750000
ROI 4.00%
Term 25 (300 month)
EMI amount 19,794
Annual Debt Service 237,527

Month Opening balance EMI Interest Principal Closing balance

1 3,750,000 19,794 12,500 7,294 3,742,706
2 3,742,706 19,794 12,476 7,318 3,735,388
3 3,735,388 19,794 12,451 7,343 3,728,045
4 3,728,045 19,794 12,427 7,367 3,720,678
5 3,720,678 19,794 12,402 7,392 3,713,287
6 3,713,287 19,794 12,378 7,416 3,705,870
7 3,705,870 19,794 12,353 7,441 3,698,429
8 3,698,429 19,794 12,328 7,466 3,690,964
9 3,690,964 19,794 12,303 7,491 3,683,473
10 3,683,473 19,794 12,278 7,516 3,675,957
11 3,675,957 19,794 12,253 7,541 3,668,417
12 3,668,417 19,794 12,228 7,566 3,660,851
13 3,660,851 19,794 12,203 7,591 3,653,260
14 3,653,260 19,794 12,178 7,616 3,645,643
15 3,645,643 19,794 12,152 7,642 3,638,002
16 3,638,002 19,794 12,127 7,667 3,630,334
17 3,630,334 19,794 12,101 7,693 3,622,642
18 3,622,642 19,794 12,075 7,718 3,614,923
19 3,614,923 19,794 12,050 7,744 3,607,179
20 3,607,179 19,794 12,024 7,770 3,599,409
21 3,599,409 19,794 11,998 7,796 3,591,613
22 3,591,613 19,794 11,972 7,822 3,583,792
23 3,583,792 19,794 11,946 7,848 3,575,944
24 3,575,944 19,794 11,920 7,874 3,568,070
25 3,568,070 19,794 11,894 7,900 3,560,169
26 3,560,169 19,794 11,867 7,927 3,552,243
27 3,552,243 19,794 11,841 7,953 3,544,289
28 3,544,289 19,794 11,814 7,980 3,536,310
29 3,536,310 19,794 11,788 8,006 3,528,304
30 3,528,304 19,794 11,761 8,033 3,520,271
31 3,520,271 19,794 11,734 8,060 3,512,211
32 3,512,211 19,794 11,707 8,087 3,504,125
33 3,504,125 19,794 11,680 8,113 3,496,011
34 3,496,011 19,794 11,653 8,141 3,487,871
35 3,487,871 19,794 11,626 8,168 3,479,703
36 3,479,703 19,794 11,599 8,195 3,471,508
37 3,471,508 19,794 11,572 8,222 3,463,286
38 3,463,286 19,794 11,544 8,250 3,455,036
39 3,455,036 19,794 11,517 8,277 3,446,759
40 3,446,759 19,794 11,489 8,305 3,438,455
41 3,438,455 19,794 11,462 8,332 3,430,122
42 3,430,122 19,794 11,434 8,360 3,421,762
43 3,421,762 19,794 11,406 8,388 3,413,374
44 3,413,374 19,794 11,378 8,416 3,404,958
45 3,404,958 19,794 11,350 8,444 3,396,514
46 3,396,514 19,794 11,322 8,472 3,388,042
47 3,388,042 19,794 11,293 8,500 3,379,542
48 3,379,542 19,794 11,265 8,529 3,371,013
49 3,371,013 19,794 11,237 8,557 3,362,456
50 3,362,456 19,794 11,208 8,586 3,353,870
51 3,353,870 19,794 11,180 8,614 3,345,256
52 3,345,256 19,794 11,151 8,643 3,336,613
53 3,336,613 19,794 11,122 8,672 3,327,941
54 3,327,941 19,794 11,093 8,701 3,319,240
55 3,319,240 19,794 11,064 8,730 3,310,510
56 3,310,510 19,794 11,035 8,759 3,301,751
57 3,301,751 19,794 11,006 8,788 3,292,963
58 3,292,963 19,794 10,977 8,817 3,284,146
59 3,284,146 19,794 10,947 8,847 3,275,299
60 3,275,299 19,794 10,918 8,876 3,266,423
61 3,266,423 19,794 10,888 8,906 3,257,517
62 3,257,517 19,794 10,858 8,935 3,248,582
63 3,248,582 19,794 10,829 8,965 3,239,617
64 3,239,617 19,794 10,799 8,995 3,230,621
65 3,230,621 19,794 10,769 9,025 3,221,596
66 3,221,596 19,794 10,739 9,055 3,212,541
67 3,212,541 19,794 10,708 9,085 3,203,456
68 3,203,456 19,794 10,678 9,116 3,194,340
69 3,194,340 19,794 10,648 9,146 3,185,194
70 3,185,194 19,794 10,617 9,177 3,176,017
71 3,176,017 19,794 10,587 9,207 3,166,810
72 3,166,810 19,794 10,556 9,238 3,157,572
73 3,157,572 19,794 10,525 9,269 3,148,304
74 3,148,304 19,794 10,494 9,300 3,139,004
75 3,139,004 19,794 10,463 9,331 3,129,674
76 3,129,674 19,794 10,432 9,362 3,120,312
77 3,120,312 19,794 10,401 9,393 3,110,919
78 3,110,919 19,794 10,370 9,424 3,101,495
79 3,101,495 19,794 10,338 9,456 3,092,039
80 3,092,039 19,794 10,307 9,487 3,082,552
81 3,082,552 19,794 10,275 9,519 3,073,034
82 3,073,034 19,794 10,243 9,550 3,063,483
83 3,063,483 19,794 10,212 9,582 3,053,901
84 3,053,901 19,794 10,180 9,614 3,044,287
85 3,044,287 19,794 10,148 9,646 3,034,640
86 3,034,640 19,794 10,115 9,678 3,024,962
87 3,024,962 19,794 10,083 9,711 3,015,251
 88 3,015,251 19,794 10,051 9,743 3,005,508
89 3,005,508 19,794 10,018 9,776 2,995,733
90 2,995,733 19,794 9,986 9,808 2,985,925
91 2,985,925 19,794 9,953 9,841 2,976,084
92 2,976,084 19,794 9,920 9,874 2,966,210
93 2,966,210 19,794 9,887 9,907 2,956,304
94 2,956,304 19,794 9,854 9,940 2,946,364
95 2,946,364 19,794 9,821 9,973 2,936,391
96 2,936,391 19,794 9,788 10,006 2,926,386
97 2,926,386 19,794 9,755 10,039 2,916,346
98 2,916,346 19,794 9,721 10,073 2,906,274
99 2,906,274 19,794 9,688 10,106 2,896,167
100 2,896,167 19,794 9,654 10,140 2,886,027
101 2,886,027 19,794 9,620 10,174 2,875,854
102 2,875,854 19,794 9,586 10,208 2,865,646
103 2,865,646 19,794 9,552 10,242 2,855,404
104 2,855,404 19,794 9,518 10,276 2,845,128
105 2,845,128 19,794 9,484 10,310 2,834,818
106 2,834,818 19,794 9,449 10,344 2,824,474
107 2,824,474 19,794 9,415 10,379 2,814,095
108 2,814,095 19,794 9,380 10,414 2,803,681
109 2,803,681 19,794 9,346 10,448 2,793,233
110 2,793,233 19,794 9,311 10,483 2,782,750
111 2,782,750 19,794 9,276 10,518 2,772,232
112 2,772,232 19,794 9,241 10,553 2,761,679
113 2,761,679 19,794 9,206 10,588 2,751,090
114 2,751,090 19,794 9,170 10,624 2,740,467
115 2,740,467 19,794 9,135 10,659 2,729,808
116 2,729,808 19,794 9,099 10,695 2,719,113
117 2,719,113 19,794 9,064 10,730 2,708,383
118 2,708,383 19,794 9,028 10,766 2,697,617
119 2,697,617 19,794 8,992 10,802 2,686,815
120 2,686,815 19,794 8,956 10,838 2,675,977
121 2,675,977 19,794 8,920 10,874 2,665,103
122 2,665,103 19,794 8,884 10,910 2,654,193
123 2,654,193 19,794 8,847 10,947 2,643,247
124 2,643,247 19,794 8,811 10,983 2,632,264
125 2,632,264 19,794 8,774 11,020 2,621,244
126 2,621,244 19,794 8,737 11,056 2,610,188
127 2,610,188 19,794 8,701 11,093 2,599,094
128 2,599,094 19,794 8,664 11,130 2,587,964
129 2,587,964 19,794 8,627 11,167 2,576,797
130 2,576,797 19,794 8,589 11,205 2,565,592
131 2,565,592 19,794 8,552 11,242 2,554,350
132 2,554,350 19,794 8,515 11,279 2,543,071
133 2,543,071 19,794 8,477 11,317 2,531,754
134 2,531,754 19,794 8,439 11,355 2,520,399
135 2,520,399 19,794 8,401 11,393 2,509,007
136 2,509,007 19,794 8,363 11,431 2,497,576
137 2,497,576 19,794 8,325 11,469 2,486,107
138 2,486,107 19,794 8,287 11,507 2,474,601
139 2,474,601 19,794 8,249 11,545 2,463,055
140 2,463,055 19,794 8,210 11,584 2,451,472
141 2,451,472 19,794 8,172 11,622 2,439,849
142 2,439,849 19,794 8,133 11,661 2,428,188
143 2,428,188 19,794 8,094 11,700 2,416,488
144 2,416,488 19,794 8,055 11,739 2,404,749
145 2,404,749 19,794 8,016 11,778 2,392,971
146 2,392,971 19,794 7,977 11,817 2,381,154
147 2,381,154 19,794 7,937 11,857 2,369,297
148 2,369,297 19,794 7,898 11,896 2,357,401
149 2,357,401 19,794 7,858 11,936 2,345,465
150 2,345,465 19,794 7,818 11,976 2,333,490
151 2,333,490 19,794 7,778 12,016 2,321,474
152 2,321,474 19,794 7,738 12,056 2,309,418
153 2,309,418 19,794 7,698 12,096 2,297,323
154 2,297,323 19,794 7,658 12,136 2,285,186
155 2,285,186 19,794 7,617 12,177 2,273,010
156 2,273,010 19,794 7,577 12,217 2,260,793
157 2,260,793 19,794 7,536 12,258 2,248,535
158 2,248,535 19,794 7,495 12,299 2,236,236
159 2,236,236 19,794 7,454 12,340 2,223,896
160 2,223,896 19,794 7,413 12,381 2,211,515
161 2,211,515 19,794 7,372 12,422 2,199,093
162 2,199,093 19,794 7,330 12,464 2,186,630
163 2,186,630 19,794 7,289 12,505 2,174,125
164 2,174,125 19,794 7,247 12,547 2,161,578
165 2,161,578 19,794 7,205 12,589 2,148,989
166 2,148,989 19,794 7,163 12,631 2,136,359
167 2,136,359 19,794 7,121 12,673 2,123,686
168 2,123,686 19,794 7,079 12,715 2,110,971
169 2,110,971 19,794 7,037 12,757 2,098,214
170 2,098,214 19,794 6,994 12,800 2,085,414
171 2,085,414 19,794 6,951 12,843 2,072,571
172 2,072,571 19,794 6,909 12,885 2,059,686
173 2,059,686 19,794 6,866 12,928 2,046,758
174 2,046,758 19,794 6,823 12,971 2,033,786
175 2,033,786 19,794 6,779 13,015 2,020,772
176 2,020,772 19,794 6,736 13,058 2,007,714
177 2,007,714 19,794 6,692 13,102 1,994,612
178 1,994,612 19,794 6,649 13,145 1,981,467
179 1,981,467 19,794 6,605 13,189 1,968,278
180 1,968,278 19,794 6,561 13,233 1,955,045
181 1,955,045 19,794 6,517 13,277 1,941,768
182 1,941,768 19,794 6,473 13,321 1,928,447
183 1,928,447 19,794 6,428 13,366 1,915,081
184 1,915,081 19,794 6,384 13,410 1,901,671
185 1,901,671 19,794 6,339 13,455 1,888,216
186 1,888,216 19,794 6,294 13,500 1,874,716
187 1,874,716 19,794 6,249 13,545 1,861,171
188 1,861,171 19,794 6,204 13,590 1,847,581
189 1,847,581 19,794 6,159 13,635 1,833,946
190 1,833,946 19,794 6,113 13,681 1,820,265
191 1,820,265 19,794 6,068 13,726 1,806,539
192 1,806,539 19,794 6,022 13,772 1,792,767
193 1,792,767 19,794 5,976 13,818 1,778,949
194 1,778,949 19,794 5,930 13,864 1,765,085
195 1,765,085 19,794 5,884 13,910 1,751,174
196 1,751,174 19,794 5,837 13,957 1,737,218
197 1,737,218 19,794 5,791 14,003 1,723,215
198 1,723,215 19,794 5,744 14,050 1,709,165
199 1,709,165 19,794 5,697 14,097 1,695,068
200 1,695,068 19,794 5,650 14,144 1,680,924
201 1,680,924 19,794 5,603 14,191 1,666,734
202 1,666,734 19,794 5,556 14,238 1,652,496
203 1,652,496 19,794 5,508 14,286 1,638,210
204 1,638,210 19,794 5,461 14,333 1,623,877
205 1,623,877 19,794 5,413 14,381 1,609,496
206 1,609,496 19,794 5,365 14,429 1,595,067
207 1,595,067 19,794 5,317 14,477 1,580,590
208 1,580,590 19,794 5,269 14,525 1,566,065
209 1,566,065 19,794 5,220 14,574 1,551,491
210 1,551,491 19,794 5,172 14,622 1,536,869
211 1,536,869 19,794 5,123 14,671 1,522,198
212 1,522,198 19,794 5,074 14,720 1,507,478
213 1,507,478 19,794 5,025 14,769 1,492,709
214 1,492,709 19,794 4,976 14,818 1,477,891
215 1,477,891 19,794 4,926 14,868 1,463,023
216 1,463,023 19,794 4,877 14,917 1,448,106
217 1,448,106 19,794 4,827 14,967 1,433,139
218 1,433,139 19,794 4,777 15,017 1,418,122
219 1,418,122 19,794 4,727 15,067 1,403,056
220 1,403,056 19,794 4,677 15,117 1,387,939
221 1,387,939 19,794 4,626 15,167 1,372,771
222 1,372,771 19,794 4,576 15,218 1,357,553
223 1,357,553 19,794 4,525 15,269 1,342,285
224 1,342,285 19,794 4,474 15,320 1,326,965
225 1,326,965 19,794 4,423 15,371 1,311,594
226 1,311,594 19,794 4,372 15,422 1,296,172
227 1,296,172 19,794 4,321 15,473 1,280,699
228 1,280,699 19,794 4,269 15,525 1,265,174
229 1,265,174 19,794 4,217 15,577 1,249,598
230 1,249,598 19,794 4,165 15,629 1,233,969
231 1,233,969 19,794 4,113 15,681 1,218,288
232 1,218,288 19,794 4,061 15,733 1,202,555
233 1,202,555 19,794 4,009 15,785 1,186,770
234 1,186,770 19,794 3,956 15,838 1,170,932
235 1,170,932 19,794 3,903 15,891 1,155,041
236 1,155,041 19,794 3,850 15,944 1,139,098
237 1,139,098 19,794 3,797 15,997 1,123,101
238 1,123,101 19,794 3,744 16,050 1,107,050
239 1,107,050 19,794 3,690 16,104 1,090,947
240 1,090,947 19,794 3,636 16,157 1,074,789
241 1,074,789 19,794 3,583 16,211 1,058,578
242 1,058,578 19,794 3,529 16,265 1,042,313
243 1,042,313 19,794 3,474 16,320 1,025,993
244 1,025,993 19,794 3,420 16,374 1,009,619
245 1,009,619 19,794 3,365 16,428 993,191
246 993,191 19,794 3,311 16,483 976,708
247 976,708 19,794 3,256 16,538 960,169
248 960,169 19,794 3,201 16,593 943,576
249 943,576 19,794 3,145 16,649 926,928
250 926,928 19,794 3,090 16,704 910,223
251 910,223 19,794 3,034 16,760 893,464
252 893,464 19,794 2,978 16,816 876,648
253 876,648 19,794 2,922 16,872 859,776
254 859,776 19,794 2,866 16,928 842,848
255 842,848 19,794 2,809 16,984 825,864
256 825,864 19,794 2,753 17,041 808,823
257 808,823 19,794 2,696 17,098 791,725
258 791,725 19,794 2,639 17,155 774,570
259 774,570 19,794 2,582 17,212 757,358
260 757,358 19,794 2,525 17,269 740,089
261 740,089 19,794 2,467 17,327 722,762
262 722,762 19,794 2,409 17,385 705,377
263 705,377 19,794 2,351 17,443 687,935
264 687,935 19,794 2,293 17,501 670,434
265 670,434 19,794 2,235 17,559 652,875
266 652,875 19,794 2,176 17,618 635,257
267 635,257 19,794 2,118 17,676 617,581
268 617,581 19,794 2,059 17,735 599,846
269 599,846 19,794 1,999 17,794 582,051
270 582,051 19,794 1,940 17,854 564,197
271 564,197 19,794 1,881 17,913 546,284
272 546,284 19,794 1,821 17,973 528,311
273 528,311 19,794 1,761 18,033 510,278
274 510,278 19,794 1,701 18,093 492,186
275 492,186 19,794 1,641 18,153 474,032
276 474,032 19,794 1,580 18,214 455,818
277 455,818 19,794 1,519 18,274 437,544
278 437,544 19,794 1,458 18,335 419,209
279 419,209 19,794 1,397 18,397 400,812
280 400,812 19,794 1,336 18,458 382,354
281 382,354 19,794 1,275 18,519 363,835
282 363,835 19,794 1,213 18,581 345,254
283 345,254 19,794 1,151 18,643 326,611
284 326,611 19,794 1,089 18,705 307,906
285 307,906 19,794 1,026 18,768 289,138
286 289,138 19,794 964 18,830 270,308
287 270,308 19,794 901 18,893 251,415
288 251,415 19,794 838 18,956 232,459
289 232,459 19,794 775 19,019 213,440
290 213,440 19,794 711 19,082 194,358
291 194,358 19,794 648 19,146 175,212
292 175,212 19,794 584 19,210 156,002
293 156,002 19,794 520 19,274 136,728
294 136,728 19,794 456 19,338 117,390
295 117,390 19,794 391 19,403 97,987
296 97,987 19,794 327 19,467 78,520
297 78,520 19,794 262 19,532 58,988
298 58,988 19,794 197 19,597 39,391
299 39,391 19,794 131 19,663 19,728
300 19,728 19,794 66 19,728 (0.00)