An office building has three floors of rentable space with a single tenant on each floor. The first floor has 20,560 square feet of per square foot. The second floor has 15,560 square feet of rentable space and is leasing for $15.50 per square foot and has four years remaining on the lease. This lease has an expense stop at $4.50 per square foot. The third floor has 15,560 square feet of leasable space and a lease just signed for the next five years at a rental rate of $17 per square foot, which is the current market rate. The expense stop is at $5 per square foot, which is what expenses per square foot are estimated to be during the next year management). Management expenses are expected to be 5 percent of effective gross income and are not included in expense stop. Each lease also has a CPI adjustment that provides for the base rent to increase at half the increase in the CPI. The CPI is projected to increase 3 percent per year. Estimated operating expenses for the next year include the following: square foot during the first year of the lease. To account for any time that may be necessary to find new tenter expire and new leases are made, vacancy is estimated to be 10 percent of EG/ for the last two years (years 4 and 5 ). Required: a. Calculate the effective gross income (EGI) for the next five years. b. Calculate the expense reimbursements for the next five years. c. Calculate the net operating income (NO) for the next five years. d. How much does the NOI increase (average compound rate) over the five years? e. Assuming the property is purchased for $5 milion, what is the overall capitalization rate (going-in rate)? Complete this question by entering your answers in the tabs below. Calculate the effective gross income (EGI) for the next five years. Note: Do not round intermediate calculations. Round your final answers to the nearest dollar amount. An office building has three floors of rentable space with a single tenant on each floor. The first floor has 20,560 square feet of per square foot. The second floor has 15,560 square feet of rentable space and is leasing for $15.50 per square foot and has four years remaining on the lease. This lease has an expense stop at $4.50 per square foot. The third floor has 15,560 square feet of leasable space and a lease just signed for the next five years at a rental rate of $17 per square foot, which is the current market rate. The expense stop is at $5 per square foot, which is what expenses per square foot are estimated to be during the next year management). Management expenses are expected to be 5 percent of effective gross income and are not included in expense stop. Each lease also has a CPI adjustment that provides for the base rent to increase at half the increase in the CPI. The CPI is projected to increase 3 percent per year. Estimated operating expenses for the next year include the following: square foot during the first year of the lease. To account for any time that may be necessary to find new tenter expire and new leases are made, vacancy is estimated to be 10 percent of EG/ for the last two years (years 4 and 5 ). Required: a. Calculate the effective gross income (EGI) for the next five years. b. Calculate the expense reimbursements for the next five years. c. Calculate the net operating income (NO) for the next five years. d. How much does the NOI increase (average compound rate) over the five years? e. Assuming the property is purchased for $5 milion, what is the overall capitalization rate (going-in rate)? Complete this question by entering your answers in the tabs below. Calculate the effective gross income (EGI) for the next five years. Note: Do not round intermediate calculations. Round your final answers to the nearest dollar amount