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Meeting Description
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Meeting Date
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26
NUMBER 3
There are fees involved! Generally, these reduce the value of the NMTC by about 15%.
Proceeds from Sale of Credits: $331,500
Fees @ 15%: ($49,725)
NET EQUITY: $281,775
The key is LEVERAGE!
$281,775 (28%) leverages $718,225 (72%) in debt.
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