You know the following about a property: Effective Gross Income (or Gross Operating Income): 512,000; Capital expenditures: 30,000; Depreciation: 25,000; Insurance (fire and liability): 15,000; Mortgage payments (aka debt service): 160,000; Mortgage interest paid 119,000; Property management: 15,000; Property taxes: 30,000; Repairs and maintenance: 26,000; Market capitalization rate: 8%; What is the property's taxable income? (hint: The numbers are different from Question 16. You must re-calculate NOI)