Comp 1	Comp 2	Comp 3
Price	$300,000	$350,000	$375,000
Effective gross income	50,000	55,000	60,000
% operating expense	50%	55%	54%
NOI	25,000	30,000	32,500

Assume that the subject property has effective gross income of $53,000 and a NOI of $27,500. What value would a cap rate approach yield (rounded to the nearest $100)?

Group of answer choices

(A) $322,600

(B) $325,600

(C) $328,600

(D) $330,000