Question: Please explain chapter 16, problem 2, parts ( d ) and ( e ) ( Real Estate Finance and Investments | 16th Edition ), more

Please explain chapter 16, problem 2, parts (d) and (e) (Real Estate Finance and Investments | 16th Edition), more thoroughly. The textbook includes a pro forma operating statement showing the steps up to potential gross income (PGI). To solve the problem, effective gross income (EGI), net operating income (NOI), debt service, and before- and after-tax cash flows must be calculated as well.

The Chegg solution skips these steps and does not explain how it got to the table shown for this problem. I am not getting the same numbers and I am trying to understand on which step I may have made an error. Please explain. Thank you.

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