Rank the appraisal method that gives highest (1) to lowest (3) value of a property with the following facts. Total Hard Costs to Rebuild: $6 million Total Soft Costs to Rebuild: $4 million Recently sold comparable building in same part of town $7.5 million Net Rental Income $ 1 million Cap Rate 12% Question 3 options: Income Approach Replacement Cost Approach Direct Sales Approach