Consider the table of projected NOI cash flows for a commercial real estate asset below. If the building is sold at the end of Year 3 at a 7.25% going-out cap rate, and 4.50% in selling expenses are incurred, what is the total cash flow (TCF) in year 3? Year 1: 150,000 Year 2: 157,500 Year 3: 165,375 Year 4: 173,644 Year 5: 182,326

answer: 2,452,686