Suppose that examination of a pro forma reveals that the fifth-year net operating income (NOI) for an income-producing property that you are analyzing is forecasted to be $913,058 (you can assume that this cash flow occurs at the end of the year). If you estimate the projected NOI growth rate for the property to be 10% per year, determine the projected gross sales price (sales price) of the property at the end of year 5 if the going-out capitalization rate is 9.5%.

Enter the answer below as an absolute value (a positive number), and without dollar sign. Rounding to the nearest whole number (no decimal places) is ok.