An investment opportunity requires an outlay of $x today but is not expected to have any cash inflows for the coming five years. At the end of year six, its expected cash flow is $1500 and that is expected to grow by 7% per year in perpetuity. The required rate of return on the investment is 15% per year. Calulate the fair value of x. Also what kind of problem is this and how do you go about solving it?