Question 22 (1 point) A student apartment project has capacity for 40 students, who pay $250 per student per month. The annual allowance for vacancy & bad debt is $9,600. Operating expenses include real estate taxes ($4,200/yr), water & sewer ($1,000/yr), heat & electricity ($12,800/yr), insurance ($5,400/yr), janitor ($3,600/yr), repairs ($7,900/yr), and management fee ($11,600/yr). What is net operating income? Excel $17.400 $63,900 $72,700 $73,480 $73,900 Question 23 (1 point) In the