A freehold property has just been sold for $32,000,000. The property was subject to a recently negotiated lease but the rental has not yet been disclosed. The purchaser will adopt a notional yield of 8%. Ignoring purchasers costs, what rental value does this transaction show?

	a.	$3,020,000.
	b.	$2,650,000.
	c.	$2,560,000.
	d.	$3,200,000.