What is the BEST estimate for market value of sandman equity

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Question - In 2005, Sandman investors purchased a shopping mall for $3.7 million. Each month, the company collects the rent from each business in the mall to pay its building loan. In 2016, the market value for the shopping mall is $12.8 million and the remaining amount on the loan is $1.4 million. What is the BEST estimate for the market value of sandman's equity?

A. 9.1 million

B: 11.4 million

C. 2.3 million

D. 12.8 million

Reference no: EM133114757

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