Suppose that you are attempting to value an income$-$producing property using the direct capitalization approach. Using data from comparable properties, you have determined the overall capitalization rate to be $7\mathrm{.}0\%,$ a reasonable discount rate of $9\%,$ and an exit cap rate of $12\%.$ If the projected first$-$year net operating income $($NOI$)$ for the subject property is $$135,500,$ If the projected second$-$year net operating income $($NOI$)$ for the subject property is $$145,500,$ and the projected final$-$year total cash flow for the subject property is $$1,155,500$ what is the indicated value of the subject using direct capitalization?

Enter the answer below as an absolute value $($a positive number$),$ no dollar sign. Rounding to the nearest whole number $($no decimal places$)$ is ok$.$