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Janky Real Estate is selling an apartment property that is owns. The property is expected to generate a cash flow of 285,289 every year forever,

Janky Real Estate is selling an apartment property that is owns. The property is expected to generate a cash flow of 285,289 every year forever, the first cash flow occurring one year from today. If the annual cash-flow is expected to increase by 2%, how much should Janky value the property today if applicable interest rate is 8% ?(Round to 2 decimal places)

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