. Bob wants to buy a building. He computes the annual NOI for the following year to be $175,000. The sellers asking price for the building is $3,000,000. Bob finds a similar building nearby which sold for $6,000,000 last year and had an NOI of $360,000. If Bob thinks the building he wants to buy should sell at the same cap rate as the similar building, how much should Bob offer?

A $2,916,666.67

B $2,500,000.00

C $2,800,000.00

D $2,750,000.00