An income$-$producing property is expected to yield NOI of $$150,000$ in each of the next five years, with cash flows being received at the end of each period. At the end of the fifth year the property will be sold; the owner wishes to use a going$-$out cap rate of $8\mathrm{.}2\%$ for this transaction. For a cost of capital of $10\mathrm{.}7\%$ annually, what is the value of this property today?