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In the coming year, the McCormicks expect a potential rental property investment costing Sl 80,000 to have gross potential rental income of $30,892, vacancy and collection losses equaling 6% of gross income, and operating expenses of $14,523. The mortgage on the property is expected to require annual payments of $8,660. The interest portion of the mortgage payments and the depreciation are given below for each of the next three years. The McCormicks are in the 24% marginal tax bracket. (Click on the icon here On in order to copy the contents ot the data table belowinto a spreadsheet) a. The NOI for year 1 is $0. (Round to the nearest cent. ) Year 2 3 Interest $8,460 8,360 8,260 Depreciation $6,125 6,125 6,125 The net operating income is expected to increase by 6% each year beyond the first year a. Calculate the net operating income (NOI) for each of the next three years. b. Calculate the after-tax cash flow (ATCF) for each of the next three years.