The subject property produces a net operating income of $100,000 that increases 3.0% annually. For this proporty type, the overall discount rate is 8.0% and the overall capitalization rate is 3.5%. Rounded to the nearest $1,000, what would the subject sell for if it was based on the overall capitalization rate muitiplied by the level-equivalent income for the next 3 yoars? A. $3,427,000 B. $3,031,000 C. $3,429,000 D. $2,989,000