answer fast doesnt need detail.

Consider a growing annuity that starts with a payment of $67,000 at the end of year 1 with a constant growth rate of 3%. The growing annuity lasts for a total of 45 years and has an appropriate discount rate of 8%. What is the present value of this growing annuity?

Question 12 options:

	$1,180,251
	$1,183,251
	$1,182,251
	$1,179,251
	$1,181,251

Consider a growing annuity that starts with a payment of $67,000 at the end of year 1 with a constant growth rate of 3%. The growing annuity lasts for a total of 45 years and has an appropriate discount rate of 8%. What is the present value of this growing annuity?