Your client passed away this year. One of the assets your client owns is a commercial real estate property. The annual Potential Gross Income of the property is $2,430,000 and the annual Net Operating Income of the property is $1,701,000. If the capitalization rate for similar properties in 8.0 percent, what is the estimated value of the property that should be included in the client's Gross Estate based on the income capitalization method?