A property produces a net operating income of $20,000 in year 1, $30,000 in year 2, and $45,000 in years 3 to 6. The resale price is estimated using a terminal capitalization rate of 8.5% applied to the sixth year NOI. What is the value of the property using a 10.5% discount rate?

Question options: A.) $502,634 B.)$424,337 C.)$468,892 D.)$454,872