Centerland Partners has collected information on the recent purchases of three small shopping centers. Centerland is considering the purchase of a similar property with an NOI of $$3\mathrm{.}8$ million.

$\backslash$table$[[$Shopping Center,NOI,Valuation$],[$Castleton Round,$$2\mathrm{.}8$ million,$$10\mathrm{.}90$ million$],[$Fashion Commons,$$4\mathrm{.}4$ million,$$33\mathrm{.}22$ million$],[$Belden Square,$$3\mathrm{.}0$ million,$$25\mathrm{.}46$ million$]]$

a$.$ What is the market capitalization rate?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $1$ decimal place.

Market capitalization rate $$

b$.$ What valuation should Centerland assign to the target property?

Note: Do not round intermediate calculations. Enter your answer in millions. Round your answer to $2$ decimal places.

Value estimate

million