George F. Babbitt is a certified general appraiser who is asked to perform an appraisal of a warehouse in Zenith, MN. One of the approaches George decides to use is the capitalization rate method, where he determines the capitalization rate by direct market extraction. George considers three comparable warehouses that have been sold recently. The sales prices as well as their net operating incomes (NOI) are shown in the table below: Comparable Sales Price NOI 1 $5,250,000 $550,000 2 $4,700,000 $518,000 3 $5,560,000 $582,000 The subject property's net operating income for the following year is expected to be $562,000. Suppose each of the three comparables is equally acceptable. What would be the market capitalization ratio calculated by George? O 11.34% O 10.66% O 10.53% 9.74%