A projects cash flows are $100,000 per year from years 1 through 6. Between years 6 and 7 these cash begin to grow at 5%. You expect this growth to continue forever. What is the present value (at time 0) of the projects cash flows if the opportunity cost of capital is 9%?

a. 2,013,790 b. 2,140,790 c. 2,260,790 d. None of the above