Table 1 provides some information on 3 shopping centers that were recently sold and that are similar to the subject property, which is also a shopping center. Next year, the subject property is expected to have potential gross income of $900,000, effective gross income of $500,000, and net operating income of $400,000. Table 1 Item Estimated potential gross income for year after sale Estimated effective gross income for year after sale Estimated net operating income for year after sale Sales price Relative weight Property A $620,000 $330,000 $280,000 $2,600,000 45% Property B $990,000 $490,000 $440,000 $3,900,000 25% Property C $1,260,000 $680,000 $590,000 $5,100,000 30% a. What is the estimated value of the subject property based on a cap rate estimated from the 3 comparable sales? b. What is the estimated value of the subject property based on an EGI multiplier estimated from the 3 comparable sales?