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Felice bought a duplex apartment at a cost of $235,000. Her mortgage payments on the property are $1,510 per month, $803 of which can be

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Felice bought a duplex apartment at a cost of $235,000. Her mortgage payments on the property are $1,510 per month, $803 of which can be deducted from her income taxes. Her real estate taxes total $2,304 per year, and insurance costs $1452 per year. She estimates that she will spend $1,446 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities What must she charge to make $4.750 in profit each year? (Do not round intermediate calculations. Round your answer to 2 decimal places. Ignore any tax effects.) Rent per apartment s 8,495.00

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