Your client is opening a new building this year. According to budget projections, annual NOI forecasts are as follows: . . . Year 1 (next year) $35,000 Year 2 $55,000 Year 3 $55,000 Year 4 $68,000 Year 5 $107.000 The required rate of return on investments of this type is 11%. The capitalization rate for similar 4-year old buildings is 10%. Cost of sale is $53,500. What are the sales proceeds at the end of Year 4? 1,070,000 O 680,000 O 1,016,500 626,600