Using the following information, determine the net operating income (NOI) for the first year of operations of the subject property using above-line" treatment of capital expenditures. Number of units: 10 Market rent per unit per month: $1,200 Miscellaneous Income per year: $0 V&C Loss: 10% of PGI Operating Expenses: 10% of EGI CAPX: 5% of EGI $129,600 $123,120 5133,120 5110.160