Your company wants to purchase a rental complex that generated rental cash flows of $1,620,000 for the year ended yesterday. Rent increase is approximated at 1.10% per year forever. If the annual return requirement is 8.25%, determine the value of the complex today.

Question 21 options:

$21,761,244

$22,333,909

$22,906,573

$23,479,237

$24,051,902