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What is the Net Operating Income if: The annual PGI is $5,000,000, Operating Expenses are $500,000 annually, Vacancy is 5%, and miscellaneous income is $30,000.

What is the Net Operating Income if:

The annual PGI is $5,000,000, Operating Expenses are $500,000 annually, Vacancy is 5%, and miscellaneous income is $30,000.

Please show all work in excel. Thank you very much.

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