Assume that a property's expected gross income is $1,000,000 assuming full occupancy and 100% rent collection. Based on the following comparables' effective (expected) gross income and sales price, what is the value of the property using the effective income multiplier method? Round your answer to the nearest penny. (ch 10 pt 1 slides 14 - 18) -$1,000,000 ($1,052,631.58) & $6,000,000 -$1,100,000 ($1,170,212.77) $& $6,500,000 -$1,300,000 ($1,368,421.06) & $7,000,000