You are considering the purchase of an office building for $1.4 million today. Your expectations include the following: first year potential gross income of $300,000; vacancy and collection losses equal to 10 percent of potential gross income; operating expenses equal to 40 percent of effective gross income; and capital expenditures equal 5 percent of EGI.Required:What is the estimated going-in cap rate (Ro) using NOI for the first year of operations?