A property has Gross Scheduled Income of $100,000. The vacancy rate and credit rate allowance is 3% whereas Operating expenses are $34,000

a) What will be the Cap. Rate if you purchased the property for $600,000?

b) What will be the Cap. Rate if you purchased the property for $1,000,000?

Group of answer choices :

10.5%, 6.3%

6.3%, 5.10%

10.5%, 3.6%

3.6%, 5.10%