Ali is considering buying a commercial building in Chicago. He has learned the following facts from his real estate broker:

Market Cap Rate	8.00%
Rental Income	$2,500,000
Operating Expenses	$900,000
Existing Annual Mortgage Payment	$975,000($225,000 is principal and $750,000 is interest)
Current rate for a 15 year mortgage	5%

Based on the facts above, what is the Market Price for this building?

	A.	Cannot determine with the facts that are given
	B.	$31,250
	C.	$7,812,500
	D.	$20,000,000