Answer asap showing all steps please.

A mining company is now planning for the cleanup of an environmentally sensitive gold mine. It is estimated in year 10 until year 15, the company will have to spend $10 million per year for cleanup. If the company uses a rate of return of 7% compounded monthly, determine the amount they will have to allocate now, such that they have the ability to pay off these obligations. When entering your answer, round your values to the nearest dollar, and use a $ symbol, as well as the correct comma separator. For example $1,234,567