You are considering the purchase of a parking deck close to your office building. The parking deck is a 15 year old structure with an estimated remaining 2 service life of 25 years. The tenants have recently signed long term leases, which leads you to believe that the current rental income of $250,000 per year will remain constant for the first five years. Then the rental income will increase by 10% for every five year interval over the remaining asset life. Thus the annual rental income would be $275,000 for years 6 through 10, $302,500 for years 11 through 15, $332,750 for years 16 through 20, and $336,025 for years 21 through 25. You estimate that operating expenses, including income taxes, will be $65000 for the first year and that they will increase by $6000 each year thereafter. You estimate that razing the building and selling the lot on which it stands will realite a net amount of $200,000 at the end of the 25 year period. If you had the opportunity to invest your money elsewbere and thereby eam interest at the rate of 15% per annum, what would be the maximum amount you ?would be willing to pay for the parking deck and lot at the present time