You are considering investing in a high-end retail store located on South Beach. The store has a 10-year lease, which implies that it will remain in business for the next 10 years. It produced annual cash flows of $400,000 (after all expenses were deducted), and the discount rate to value similar businesses is 10%. You estimate that, over the long-term, cash flows will grow at 5% per year because of inflation expectations. Therefore, the expected cash annual cash flow for next year is $420,000 [or $400,000(1.05)]. Based on this information, what is the estimated value of the store?