4. Utilize the following financial information to answer the question. Current value of land $3,500,000 Cost to rebuild the physical structure $8,500,000 Furniture, fixtures and equipment $ 400,000 Economic deductions $ 700,000 Functional obsolescence $ 300,000 Physical deterioration $1,000,000 Based on the cost replacement approach, how much would be estimated value of the property? A. $10,000,000 B. $10,100,000 c. $10,200,000 D. $10,400,000