Given the following information, please calculate the total amount distributed to the equity investor and the developer. (5 points) Order of distribution: 1) Any outstanding debt 2) Accrued Preferred Return 3) Outstanding Equity 4) To Equity Investor and Developer with a 50/50 split Sales Price: $3,000,000 Loan Payoff: $1,500,000 Preferred Return: 15% Investment Duration: 3 years Equity Investment: $500,000 (Show work for partial credit)