7. Use the information provided below to calculate the year 2 effective gross income for the property that has been described. Property Type: Shopping center Leasable Space: 125,000 square feet Average Rent: $25 per square foot per year Annual Rent Growth: 3% Other Income: $0.50 per square foot per year Annual Other Income Growth: 4% Vacancy and Collection Losses: 15% of potential gross income Operating Expenses: 40% of effective gross income Capital Expenditures: 3% of effective gross income

Please show how to solve using a BA II plus calculator