please help with part 2 and explain answer

5. (4 point) Calculate the value of Good Neighborhood Retail Center. Sale Proceeds Year 1 Year 2 Year 3 Year 4 Year 5 Annual Cash Flow $60,000 60.000 80,000 80.000 80,000 Total Cash Flow $ 60,000 60,000 80,000 80,000 1,680,000 $1,600,000 (i) What value do you give this property if your required rate of return (i.e., discount rate) is 9.0%? Round to the nearest dollar. $1,315,880 (ii) If you think maybe you can only sell the property for $1,400,000 at the end of 5 years, then what value would you give the property? Round to the nearest dollar