You are considering purchasing a property with an asking price of $8,000,000. Your estimated NOI for this property is $500,000. You search for a comparable property, and find a property that sold last year for $10,000,000 and has NOI of $550,000. You anticipate that the growth rate of the property you are considering purchasing will be 2% a year indefinitely. Based solely on the assumption that this is a good comp and the utilization of the direct capitalization rate method, is the asking price of the building too high or too low? By how much? If the price is too high, enter your answer as a positive number. If the price is too low, enter your answer as a negative number. Round your answer to the nearest cent. Omit the dollar sign from your answer.