Using the below information what is the current property value? (Round answer to two decimals) Capital reserves are $10,000 per year Effective Gross Income = $275,000 Vacancy and Collection loss = 6.2% The building will be depreciated over 50 years The current tax rate is 30% The holding period is 5 years Operating expenses are $125,000 Current interest expense $32,000 Cap rate on similar properties 7.5%