$3.$ You are about to purchase a property that you anticipate will produce $\backslash (\backslash$$ $175,000\backslash )$ per year in NOI each year. You anticipate selling in year $11$ to a buyer that will pay $\backslash (\backslash$$ $1,280,750\backslash ),$ but you would incur $\backslash (5\backslash \%\backslash )$ in expense when you sell the property. What do you estimate is the current market value of the property today using the DCF method and assuming a $8\backslash \%$ discount rate?

NPV $\backslash (=\backslash )$