3 points Price Effective gross income % operating expense Comp 1 Comp 2 Comp3 $1,350,000 $1,450,000 $1,100,000 125,000 148,000 140,000 50% 55% 54% 62,500 66,600 64.400 NOI Consider the table above. Assume that the subject property has effective gross income of $135,000 and a NOI of $65,000. What value would a cap rate approach yield (rounded to the nearest $100)7 $1,150,365 O$1,293,337 $860,400 $1,350,593 O$1,280,450 $874,300