You are evaluating an investment in a corporate office complex. It produces a rental income stream that you believe will grow at the rate of 1% per...

A. You are evaluating an investment in a corporate office complex. It produces a rental income stream that you believe will grow at the rate of 1% per year in perpetuity. The first year's income is $100,000 (which will be received exactly 1 year from now). If your discount rate is 8%, what would be a fair price to pay for this investment? Please enter your answer to the nearest dollar