Assuming the following information, what will be the revised land value if actual NOI turns out to be $$1,000,000?$ Round to the nearest dollar. $($ch$.10$ pt $2,$ slide $7)$

NOI $=$ $$1,200,000$

IRR$/$Cap Rate$/$Discount Rate $=11\%$

Growth rate $=2\%$

Cost $=$ $$10$m