Lee Sang-yoon needs to capture a return of 41 per cent for his one-year

investment in a property. He believes that he can sell the property at the end

of the year for $205,679 and that the property will provide him with rental

income of $26,012. What is the maximum amount that Sang-yoon should be

willing to pay for the property?

Round your answer to 2 decimal places. E.g. if the final value is $12345.8342,

please type 12345.83 in the answer box (do not type the dollar sign).