Tables 1 and 2 provide information for a 2-story building along with some other assumptions. Show the formulas you use to compute your answers, as it will make it easier to assess any partial credit.

Table 1

Floor	Total square feet	Occupied square feet	Monthly contract rent per square foot in year 1	Monthly market rent per square foot in year 1
1	10,000	8,200	$22.00	$31.00
2	9,000	7,500	$28.00	$36.00

Table 2

Item	Note
Vacancy & collection losses in year 1	20% of potential gross income
Income from fitness center & parking in year 1	$4700,000 per year
Net operating income in year 1	$3,200,000 per year
Current EGI multiplier	8.36
Going-in cap rate	8.07%
Terminal cap rate	8.75%

a. What is the buildings annual potential gross income (PGI) expected to be in year 1? Round your answer to the nearest dollar and write it in the box.

b. What is the buildings annual effective gross income (EGI) expected to be in year 1? Round your answer to the nearest dollar and write it in the box.

c. What is the current estimated value of the building based on its EGI multiplier? Round your answer to the nearest dollar and write it in the box.

d. What is the current estimated value of the building based on cap rate? Round your answer to the nearest dollar and write it in the box.