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Consider the following project At the end of year 1, you get $5M. At the end of year 2, you get $7M. At the end

Consider the following project At the end of year 1, you get $5M. At the end of year 2, you get $7M. At the end of year 3, you get $9M. In fact, every year, your profit increases by $2M. This project is expected to last forever. That is, its horizon is infinite. The interest rate is 2% and compounding has an annual frequency. What is the present value of this project?

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