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What is the annual Net Operating Income (NOI) if the Potential Gross Income (PGI) is $350,000, Operating Expenses are $150,000, and the vacancy is 10%?

What is the annual Net Operating Income (NOI) if the Potential Gross Income (PGI) is $350,000, Operating Expenses are $150,000, and the vacancy is 10%?

Please show work as what it would look like in excel. Thank you very much.

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