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A real estate investor is considering the purchase of a four - unit office building and has the following information. The purchase price is $

A real estate investor is considering the purchase of a four-unit office building and has the following information. The purchase price is $927,136 with $8,146 in acquisition costs. The value of the investment is expected to increase at a rate of 5 percent per year. Selling expenses equal 5 percent of the selling price. The investors holding period is 6 years after which the property will be sold and the mortgage repaid.
What is the expected selling price at the end of year 6?

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