You are about to purchase a property that you anticipate will produce

$$175,000$ per year in NOI each year. You anticipate selling in year $11$ to a

buyer that will pay $$1,280,750,$ but you would incur $5\%$ in expense when

you sell the property. What do you estimate is the current market value of

the property today using the DCF method and assuming a $8\%$ discount

rate?

$NPV=$