Assume a project has a net income of $70,000, the project has operating expenses of $40,000 and

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Assume a project has a net income of $70,000, the project has operating expenses of $40,000 and a debt service of an additional $38,000 annually. New management means to cut cost to current expenses while also refinancing the property to reduce monthly payments. What happens to the Revenue, the Net Operating Income, and the Net Income in this scenario?

a) Reduction, Reduction, Reduction

b) Reduction, Increase, Reduction

c) Increase, Reduction, Increase

d) Reduction, Increase, Increase.

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