A 1,500 square foot office space is leased at $12.00 square foot. The space is vacant one month out of the year. Office expenses are

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A 1,500 square foot office space is leased at $12.00 square foot. The space is vacant one month out of the year. Office expenses are $6.50 per square foot and an expense stop is set at $6.00 per square foot. What is the annual net operating income?

A) $7,500

B) $6,750

C) $15,750

D) $8,250