You have the opportunity to invest in Gopher Gardens, a residential high$-$rise real estate property in downtown Minneapolis. You expect Gopher Gardens to generate $$4\mathrm{.}5$M in rent one year from now and for rent to increase at $8\%$ per year for the following four years. Five years from now, you believe you will be able to sell the property for $$30$ million. Assume the interest rate is $6\%$ per year.What is the present value of the $$4\mathrm{.}5$ million rent payments that will be generated by this property