While appraising a property assigned as a collateral, Fima estimates the cash flows that are expected to be received (i) every year from the property and (ii) when the property is eventually sold (or...

While appraising a property assigned as a collateral, Fima estimates the cash flows that are expected to be received (i) every year from the property and (ii) when the property is eventually sold (or salvaged) in the future. She then discounts such using a relevant rate to get the present value. Fima uses which collateral valuation approach?