Consider the table for an income property that is under evaluation for purchase with a $$455,000$ loan. What would be the equity dividend rate?

$\backslash$table$[[,$Year $1,$Year $2,$Year $3],[$NOI$,$$$,72,000,$$$,74,880,$$$,77,875],[$DS$,,60,000,,60,000,,60,000],[$Cash flow,$$,12,000,$$$,14,880,$$$,17,875],[$Resale in year $3,,,,,,900,000],[$Less mortgage balance,,,,,,$435,000],[$Total cash flow,$$,12,000,$$$,14,880,$$$,482,875],[$Present value of cash flow @ $15\%,$$$,10,435,$$$,11,251,$$$,317,498]]$

A$)2\mathrm{.}4$ percent

B$)3\mathrm{.}5$ percent

C$)$ $$12,000$

D$)$ $$317,498$