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Aroha Jackson is evaluating a property that has a gross rental income of $62916 per annum and operating expenses of $10488 per annum. If the

Aroha Jackson is evaluating a property that has a gross rental income of $62916 per annum and operating expenses of $10488 per annum. If the Aroha's required rate of return is 8.88%, what is the estimated value of the property? (Please round your answer to the nearest dollar but exclude the $ sign when typing your answer.)

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