Harris Company purchased three buildings. Harris has assembled the following market data, based on commercial real estate sales in the area in the past six months, which can be used to indirectly estimate the selling price of each of the buildings that Harris purchased. Selling Price Square feet Capitalization Rate 10,000 20,000 1,100.000 30,000 40,000 50.000 8% 90/0 . $700,000 . 625,000 550,000 . 500,000 Harris needs to estimate the fair value of each of the three buildings. Harris measured the size and estimated a capitalization rate based on location and surrounding properties. These estimates for the three buildings are as follows: Square feet Capitalization Rate Building 3 37,000 7% Building 4 43,000 8% Building 5 46,000