NOI DS Cash flow Resale in year 3 Year 1 Year 2 Year 3 $76,000 $82,000 $86,500 $ 56,000 $56,000 $56,000 $20,000 $26,000 $30,500 $1,081,250 $-425,000 Less mortgage balance Total cash flow $20,000 $26,000 $ 686,750 Consider the table above for a hypothetical income property that is under consideration for purchase with a $535.000 loan Using the principles of mortgage equity capitalization and a discount rate of 12%, what is the estimated total property value (rounded to the nearest $100)? $738,700 $1,081,200 $907,700 $1,062,400 $527,400 $432,000