An old Maloney house is for sale and you know you can renovate and rent it to Gurd Sou-sou Pyramids for the next 15 years. How much would you be willing to pay for the old house now given the following financial data and a 10% MARR interest rate? Renovation cost at period 0 = $60,000 Annual upkeep costs = $12,000 Annual rental income = $72,000 Estimated net property value at the end of 15 years = $1 million