The SAM Hotel Company is looking to acquire a $150-$room independent hotel in need of renovation and convert it to a national brand. The hotel can be acquired for $$20$ million and requires another $$3$ million in renovation and conversion costs. Currently the hotel is breaking even, but SAM believes it will do well as a national brand. Estimated cash flows are: Year $1=$ $$3,200,000,$ Year $2=$ $$3,260,000,$ Year $3=$ $$3,345,000.$ After Year $3,$ Balcones plans on selling the property. Projected market cap rate is $9\%$ and Balcones$$ weighted cost of capital is $11\%.$

Calculate estimated selling price of the property after Year $3.$

Please show EXCEL formula.