An investor has purchased a $1,300,000 property which produced annual Net Operating Income [NOI) of $85,000 in the first year of operations. The property was financed with a fully amortising constant payment loan with a 75% Loan-to-Value ratio loan with monthly payments over 26 years at an annual interest rate of 4.89%. The Nol is expected to increase by 3.50% in Year 3 and in Year 6. The property will be held for five (5) years and then sold using a capitalisation rate of 4.80%. The investor's Required Rate of Return is 14.00%. Estimate the annual pro forma and calculate the Net Present Value of the equity investment. Enter your answer rounded to the nearest whole dollar (e.g. 123). An investor has purchased a $1,300,000 property which produced annual Net Operating Income [NOI) of $85,000 in the first year of operations. The property was financed with a fully amortising constant payment loan with a 75% Loan-to-Value ratio loan with monthly payments over 26 years at an annual interest rate of 4.89%. The Nol is expected to increase by 3.50% in Year 3 and in Year 6. The property will be held for five (5) years and then sold using a capitalisation rate of 4.80%. The investor's Required Rate of Return is 14.00%. Estimate the annual pro forma and calculate the Net Present Value of the equity investment. Enter your answer rounded to the nearest whole dollar (e.g. 123)