You have been asked to analyze a real estate investment based upon the following assumptions: 1. The current cash flow is $518,283 per year. 2. You expect the cash flow to increases annually by 3.25% 3. You anticipate that you will sell the property at the end 5 years. 4. When you sell the property in year 5, the estimated sales price will be the Year 5 cash flow capped at 5% (the sales price = Year 5 CF/.05) Using a discount rate of 7%, how much is the building worth today?