Your client is opening a new building this year. According to budget projections, annual NOI forecasts are as follows: Year 1 - $35,000 Year 2 - $55,000 Year 3 - $55,000 Year 4 - $68,000 Year 5 - $107,000 The required rate of return on investments of this type is 11%. The capitalization rate for similar 4-year-old buildings is 10%. Cost of sale is $53,500. What is the market value of this property (using DCF analysis) if sold after year 4? $830,780.03 $922,165.64 $785.986.33 $1,187,832.09