An investor is considering purchasing a property with a forecasted first$-$year NOI of $$175,000.$ The investor has established a capitalization rate requirement of $9\mathrm{.}25$ percent based on similar properties.

What would this investor consider paying for the property?

Group of answer choices

$$1,221,750$

$$1,342,222$

$$1,891,892$

$$2,001,001$