13 2 pts Use the following information for the next question: Current Cap Rate: 10% Number of Units: 100 Vacancy Rate: 4% Bad Debt Allowance: 3% Per Unit Annual Rent: $6,000 Operating Expenses: $90,000 Financing Costs: $80,000 Annual Depreciation: $25,000 What is the effective gross income? $760,000 $600,000 $576,000 $460,000 $558,000