An office building sold for $1.25 million. The seller took b…

An оffice building sоld fоr $1.25 million. The seller took bаck а conditionаl sales contract for five years with monthly payments at 6% in amarket where the interest rate was 8%. The face amount of the contract was $1 million. The buyer indicated that she thought the financingpackage available for this property, which was not available for any others, added $25,000 to the price. The seller confirmed that this was arealistic estimate of the cost of financing. What is the cash-equivalent sale price?