An investor is considering the purchase of a property. The NOI is expected to be the following: year 1, Kshs 200,000; year 2, Kshs 210,000: year 3, Kshs 220,000; year 4, Kshs 230,000; year 5, Kshs 240,000. The property will be sold at the end of year 5 and the investor believes that the property value should have appreciated at a rate of 3 percent per year during the five-year period. The investor's required rate of return is 10%. Required Calculate the value of the property today