A property that you are considering for purchase is expected to generate the following cash flows over the next five years: Year 1: Year 2: Year 3: Year 4: Year 5: $50,000 $51,375 $52,850 $54,125 $55,500 You would sell the property after 5 years and have a required rate of return of 10%. You also expect the property's value to increase by 2.5% annually. What is a fair value for this property today?