Firm A is considering to buy a building. It is estimated that the typical beta of real estate companies is 1.2. FirmAhas access to a risk-free rate of 6%. Currently, the expected market riskpremium is 8.2%. It is estimated that expect that the profit of the building will be $500,000. You expect the profit to grow indefinitely at 4% per year. What is the maximum price you recommendto be paid for the building?