The NOl for a property is expected to be $$200,000$ in year $1$ and increase $5$ percent per year over a five$-$year holding period. The property value is expected to increase by a total of $15$ percent over the same period. Investors required a $9$ percent overall yield rate. Estimate the value of the property.

$1,718,912$

$6,812,371$

$3,375,273$

$2,843,812$