Using the following information, compute net operating income (NOI) for the first year of operations (rounded to \$Thousands). - Number of apartments: 15 - Rent per month per apartment: $1,900 - Expected vacancy and collection loss: 8 percent - Annual maintenance: $28,000 - Income taxes: $58,000 - Property insurance: $17,000 - Management: $16,000 - Property taxes: $19,000 - Annual depreciation: $34,000 - Capital expenditures: \$0 - Other operating expenses: $23,000 - Annual mortgage debt payments: $35,000 Excel a) $143,000 b) $85,000 c) $178,000 d) $120,000 e) $223,000 Using the following information, compute net operating income (NOI) for the first year of operations (rounded to \$Thousands). - Number of apartments: 15 - Rent per month per apartment: $1,900 - Expected vacancy and collection loss: 8 percent - Annual maintenance: $28,000 - Income taxes: $58,000 - Property insurance: $17,000 - Management: $16,000 - Property taxes: $19,000 - Annual depreciation: $34,000 - Capital expenditures: \$0 - Other operating expenses: $23,000 - Annual mortgage debt payments: $35,000 Excel a) $143,000 b) $85,000 c) $178,000 d) $120,000 e) $223,000