P18.2 (similar to) In the coming year, the Sandbergs expect a potential rental property investment costing $120,000 to have gross potential rental income of $20.385, vacancy and a. The NOI for year 1 is (Round to the nearest cent) collection losses equaling 6% of gross income, and operating expenses of $9,872. The mortgage onthe property is expected to require annual payments of $8,597 The interest portion of the mortgage payments and the depreciation are given below for each of the next 3 years. The Sandbergs are in the 25% marginal tax bracket. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year Interest Depreciation 1 $8,397 4,100 4,100 4,100 8,297 3 8,197 The net operating income is expected to increase by 7% each year beyond the first year a. Calculate the net operating income (NOl) for each of the next 3 years b. Calculate the after-tax cash flow (ATCF) for each of the next 3 years P18.2 (similar to) In the coming year, the Sandbergs expect a potential rental property investment costing $120,000 to have gross potential rental income of $20.385, vacancy and a. The NOI for year 1 is (Round to the nearest cent) collection losses equaling 6% of gross income, and operating expenses of $9,872. The mortgage onthe property is expected to require annual payments of $8,597 The interest portion of the mortgage payments and the depreciation are given below for each of the next 3 years. The Sandbergs are in the 25% marginal tax bracket. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year Interest Depreciation 1 $8,397 4,100 4,100 4,100 8,297 3 8,197 The net operating income is expected to increase by 7% each year beyond the first year a. Calculate the net operating income (NOl) for each of the next 3 years b. Calculate the after-tax cash flow (ATCF) for each of the next 3 years