Annual Potential Gross Income $($PGI$)$ from an investment is estimated at $$350,000.$ Assume vacancy & collection loss $($V$/$L$)$ at $5\%.$ OpEx & CapEx reserves equal to $25\%$ and $3\%$ of EGI respectively. CapEx should be treated as below the line for this calculation. The Net Operating Income $($NOI$),$ given the above assumptions, is closest to:

$$350,000$

$$249,000$

$$242,000$

$$332,000$