A 1750 square foot office building will be leased at $14.00 per square foot and about 90% of the building is expected to be occupied. There is a lobby at the entrance of the building which contains vending machines that will earn $1000 over the entire year. Operating expenses are projected at $8.00 per square foot and an expense stop will be set at $5.00 per square foot. Some credit losses are anticipated to be about 3% of potential rent. In addition, some tenants will be granted one month of free rent and the total cost will be equal to about 4% of potential rent. Finally, the landlord plans to set aside $1.00 per square foot in a CAPEX fund. What will be net operating income (NOI)? Round your answer to the nearest dollar.