Consider a building that has a $30-$year life $($i$.$e$.$ the building delivers no cash flows and has no value after $30$ years$),$ year $1$ NOI of $$30,000,$ annual NOI growth of $1\mathrm{.}5\%$ and a required return of $6\%.$ Assume the NOI is received annually at the end of each year.

Compute the value of the property at the end of every year $($after the cash flow has been received$)$ using the DCF model. That is$,$ you need to compute $30$ valuations $$ one for each year. Make sure to include all the valuations in the spreadsheet you upload under Q$11.$

Report your valuation for the end of year $15$ in the box, rounded to the nearest dollar.

Ignore income tax considerations.