how to solve this problem, kindly I want it to be sloved in written not using excel or financial calculator if its possible

7. A property that produces a first year NOI of $80,000 is purchased for $750,000. The NOI is expected to increase by 15% in the sixth year when some of the leases turnover. The resale price in year 10 is expected to be $830,000. What is the net present value of the property based on the 10-year holding period and a discount rate of 9.5% ? (D) (A) $87,433 (B) $87,221 (C) $95,294 (D) $116,490