You need to estimate the market value of an income producing property located in your town. Through research you have found that the property should have net operating income of $900,000, taxes of $135,000, a capitalization rate of 14 percent, and an inflation rate of 3 percent. What is the estimated property value using above information?

A.$8,281,756.

B.$6,428,571.

C.$5,464,387.