Given the following information, calculate the estimated first-year net operating income (NOI) for this office...
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Accounting
Given the following information, calculate the estimated first-year net operating income (NOI) for this office building using above-the-line treatment of capital expenditures and assuming no miscellaneous income:
Lot size: 1.1 acres
Rentable square footage (RSF): 15,000 SF
Market rent: $20/SF/year
Vacancy and collection loss: 10% of potential gross income
Operating expenses: 35% of effective gross income
Capital expenditures: 9% of effective gross income
| A. | $440,827 | |
| B. | $177,450 | |
| C. | $151,200 | |
| D. | $12,600 | |
| E. | $175,500 |
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