The subject's net operating income is expected to remain level for the next three years at $50,000 annually. The resale price is estimated to be $1,000,000 at the end of the third year. The net operating income is discounted at 3.0% and the reversion is discounted at 6.0%. Rounding your answer to the nearest $1,000, what is the present value of the subject property? A. $970,000 B. $761,000 C. $981,000 D. $976,000