In the answer, please include four decimal points

A distress Property is available for sale at a price of $365,000. The investor that wishes to purchase the property projects the following: 1. That the property will not generate any income in the first year. 2. That she is able to secure a loan in the amount of $300,000@8.5%10, and that she will have additional acquisition and property expenses in the first that include, loan cost of $1,000, title search of $1,500, renovation of $25,000, landscaping of $800, property insurance of $3,600, property tax of $9,000, and selling cost of $8,000. If the property does not sell after the first year, the investor will have to keep the property for an additional year. She will be able to rent the property out and generate a net cash flow before debt of $2,600. What should the property sell for at the end of the 2nd year in order for the investor to earn a 20% retum on her investment (return on equity)