Given the following assumptions, which of the possible

answers represents the investor's initial $($equity$)$

investment? Purchase Price $=$$$9,200,000$ Acquisition

Costs $=2\%$ Loan Costs $=$$$190,000$ Debt $=$$$5,800,000$

Cost of Sale $=4\%$

$$3,774,000$

$$15,374,000$

$$3,026,000$

$$3,590,000$