Question 3 6 pts An investor has purchased a $2,500,000 property which produced annual Net Operating Income [NOI) of $155,000 in the the first year of operations. The property was financed with a fully amortising constant payment loan with a 70% Loan-Lo-Value ratio loan with monthly payments over 20 years at an annual interest rate of 4.18%. The NOI is expected to increase by 2.50% in Year 3 and in Year 5. The property will be held for five (5) years and then sold using a capitalisation rate of 4.70%. The investor's Required Rate of Return is 16.00%. Estimate the annual pro forma and calculate the Net Present Value of the equity investment. Enter your answer rounded to the nearest whole dollar (e.g. 123)