13. A property has an NOI of $150,000 per year. The value of the land (VL) is $550,000. The land capitalization rate (RL) is 9.75%, and the building capitalization rate (RB) is 12.25%. What is the property value to the nearest $1,000? 14. What is the value of a property with an NOI of $75,000, an annual debt service of $60,000, a loan-to-value (LTV) ratio of 75%, and a mortgage constant of 0.1281? Round to the nearest $1,000. 15. An investment has an NOI of $140,000. Market rate mortgage financing is available for 75% of the value at 9.5% interest per year with monthly payments and amortization over 25 years. The equity dividend rate (RE) is 5.5%. What is the market value? Round to the nearest $1,000