Question Completion Status: A Moving to another question will save this response. Question 5 of 34 10 points Save Answer Initial Loan amount 771,750 NOI Debt Service Cash flow (before tax) Resale in year 3 Mortgage payoff Total Cash Flow 88,200 65,455 $22,745 2 3 $89,964 $91,763 65,458 $24,509 $26,308 891,415 (733 709 $24,509 $184,014 $22,745 PV of each year's CF@ 10.0% 20,677 20.256 138,253 Consider the table above for a hypothetical income property that is available for purchase. Using the principles of mortgage equity capitalization (where the equity position is valued separately from debt), what is the estimated total property value (rounded to the nearest $1007 Ch 10 $998,600 a. $854,200 b. $896,400 c. $950,900 d