Post Properties believe that it can collect $180,000 as rent from the tenants of an apartment building in 2022 (i.e. at t=1). The rent from this building will grow by 5% annually from 2022 till 2026 (i.e. from t=1 to t=5). That is, the rent in 2023 (i.e. at t=2) will be 5% more than the rent collected in 2022 (i.e. at t=1) and so on. Post Properties will sell the building at the end of 2026 (i.e. at t=5) and believe that they can sell it for $4 million (i.e. the terminal value of the building in 2026 is $4 million). Assuming a 7% annual discount rate, what is the present value of the apartment building in 2021 (i.e. at t=0)? Answer in $ million, that is if the answer is 5.76 million, input your answer as 5.76. Round your answer to two decimal places