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Please help me with detailed steps with work shown if possible:) 4. [Growing Perpetuities] Mark Weinstein has been working on an advanced technology in laser

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Please help me with detailed steps with work shown if possible:)

4. [Growing Perpetuities] Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near term. He anticipates his first annual cash flow from the technology to be S175,000, received two years from today. Subsequent annual cash flows will grow at 3.5 percent in perpetuity. What is the present value of the technology ifthe discount rate is 10 percent

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