-Consider the Table Above for a Hypothetical Income Property That

$\begin{array}{rrr}\begin{array}{l}\\\text { NOI } \\\text { DS } \\\text { Cash flow } \\\text { Resale in year } 3 \\\text { Less mortgage balance } \\\text { Total cash flow } \\\text { Present value of cash flow @ } 15 \%\end{array}\begin{array}{rrr}\text { Year 1 } & \text { Year 2 } & \text { Year 3 } \\\$ 72,000 & \$ 74,880 & \$ 77,875 \\60,000 & 60,000 & 60,000 \\\hline \$ 12,000 & \$ 14,880 & \$ 17,875 \\& & 900,000 \\& & -435,000 \\\hline \$ 12,000 & \$ 14,880 & \$ 482,875 \\\$ 10,435 & \$ 11,251 & \$ 317,498\end{array}\end{array}$
-Consider the table above for a hypothetical income property that is under consideration for purchase with a $455,000 loan. Using the principles of mortgage equity capitalization, what is the estimated total property value rounded to the nearest $100) ?

A) $317,500
B) $482,900
C) $772,500
D) $794,200