Assume that you are considering purchasing a commercial property today (which is the beginning of Year 1) for $100,000. You as an investor have a discount rate of 25%. The property is expected to generate cash flows in the amounts of $10,000 at the end of year 1. However, for each and every year after Year 1 cash flows are expected to grow by a factor of 3.6%. Assume the property owner plans on holding this property for 10 years. Compute the present value of the expected cash flows generated by this property,