Sinclair Partnership's real estate property generated net operating income (NOI) of $750,000. Available data for comparable properties recently sold in the area indicate the following:

	Property 1	Property 2
Selling Price	$9,250,000	$10,500,000
Net Operating Income	$ 750,000	$ 820,000

Using the above information, what is the fair market value of Sinclair's real estate property under theincome capitalization approach?

A. 9,423,531

B. 10,417, 667

C. 11,000, 033

D. 12,416,667