Deferred Perpetuity and Selling Price

Carrie will receive her grandfather's farm when he dies. The farm is expected to earn $$950,000$ each year forever. Carrie expects

her grandfather will die in $8$ years after that year's cash flow has been paid. The appropriate discount rate is $7\mathrm{.}5\%.$

What is the value of Carrie's inheritance when her grandfather dies?

What is the value of Carrie's inheritance today?