Use the following information: - Number of apartments: 10 - Rent per month per apartment: $900.00 - Expected vacancy and collection loss: 10 percent - Annual maintenance: $18,000 - Property taxes: $9,000 - Property insurance: $7,000 - Management: $8,000 - Capital expenditures: $5,000 - Other operating expenses: $3,000 - Annual mortgage debt payments: $35,000 Required: Compute net operating income (NOI) for the first year of operations. Use an "above-line" treatment of capital expenditures. Answer is complete but not entirely correct