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I'm over half done with Draft 2.5, and I can tell my writing has improved, just during the course of this one draft.
If I extrapolate, my book will be over 160k words by the end of Draft 2.5. At 300 words per page, that's a 544 page book. I want to add even more description in later drafts, but I also know I'll need to cut about 25% of my wordcount to reach that magical 120k limit for a debut fantasy novel.