You are interested in buying a house and renting it out. You expect to receive a monthly net income of $1650 from rent. You then expect to sell the house for $300,000 at the end of 60 months. If your discount rate on this investment is 8%, how much is this property worth to you today? Assume that you receive rent at the beginning of each month and you receive the first rent the same day you purchase the property. Round to the nearest cent. (Hint: A monthly annuity due combined with a single cash flow at the end, and you are looking for the total PV. Note that the question provides the number of months, not years; so nxm is directly given to you.]