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Alcon Inc. is planning to invest in in - house developed mobile apps for healthcare. They have forecasted that with the new mobile apps the

Alcon Inc. is planning to invest in in-house developed mobile apps for healthcare. They have forecasted that with the new mobile
apps the following are the expected cash flows that will be generated: - This project will generate $10 million at end of Year 1
which will grow at a rate of 10% for the next 4 years from Year 1 onwards (i.e.1 to 2,2 to 3,3 to 4,4 to 5). From Year 5 onwards,
the growth rate in cash flows will stabilize at 3% per year till perpetuity. If the hurdle rate is 15% p.a. compounded continuously,
what is the Present Value (at t=0) in $millions of the Cash Flows generated (in what range will the answer be)?
Pls provide proper explanation
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