A 10,000 foot square foot office space has a full service gross lease at $30.00 per square foot per year. Fixed (do not vary according to occupancy) operating expenses are $8.00 per square foot and an expense stop limiting the o/e paid by the landlord is set at $7.00 per square foot. If the tenants lease expires at the end of the 10^th month, what is the annual net operating income from this suite? Round your answer to the nearest whole number.

Question 11Select one:

a.

$178,333

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b.

$165,742

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c.

$167,778

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d.

None of the above