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 aboveline treatment of capital expenditures