3. You are about to purchase a property that you anticipate will produce $100,000 per year in NOI each year, that you will sell after holding 10 years (so sell in year 11) to a buyer that will pay $1,428,571, but you would incur 5% 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 10% discount rate?

YEAR	NOI	NET SALES PROCCED	TOTAL CASH FLOW
1
2
3
4
5
6
7
8
9
10
11