Using the NPV from the first question and the sale price in the third question, what is the estimated value of the property $($round to the nearest dollar$)?$

Integer, decimal, or E notation allowed

Question $4$

This is the last part of a $4-$part question. A property had NOI of $$1,600,000$ in its first year $($Year $0)$ of its existence. Assume that its NOI grows by $5\%$ in Year $1,4\%$ in Year $2,3\%$ in Year $3$ and $2\%$ in Year $4.$ Using the change in property values approach and an expected return of $11\%,$ what is the estimated value of the property to the nearest dollar? The formula below may be helpful.

$P{V}_o=PV(NOI)+P{V}_o**(\frac{1+g}{1+r}{)}^n$