Consider a mixed-use property in Astoria, Queens with 18,500 square feet of rentable space. The annual rent in 2023 for similar properties is $36.25/sq ft. You expect that the vacancy rate in 202 will be 7%. and that you will incur collection losses on additional 0.5% of the square feet. What will be your effective gross income (EGI) in 2023? State your answer as a number rounded to the nearest cent (e.g. if you get $13.57654, write 13.58) You buy the property at the price of $7,000,000, and it is expected to generate $415758 net operating income in the following year. What is your 'going in' Cap Rate at purchase? Write your answer in percent, but do not include the % sign (e.g. if you get 5.63898%, write 5.64).