$[4]$ You want to estimate the value of a property at time $t=0(V_0)$ using the income approach to valuation. Consider a property with a $2-$year useful life, a cashflow generated by the property of $$6,000$ per year, and a required rate of retum $($opportunity cost$,$ discount rate$)$ of $5$ percent. The payout $($cash flow$)$ comes at the end of the year. What is Vo$?$ In Canvas, enter a whole number with no $$,$ commas, or decimal places. Round your answer as necessary. As an example, if your answer were $$1,234\mathrm{.}56,$ you would enter $1235).$

$[3]$ You wish to estimate the value $($V$)$ of an existing building using the cost approach. Suppose the cost of constructing a new, identical building is $$350,000.$ Suppose further that, due to depreciation, you apply an adjustment factor of $0\mathrm{.}2.$ What is your cstimate of V$?$ As in the previous question, enter a whole number with no $$,$ commas, or decimal places, rounding as necessary.