Please post the formula used and step-by-step procedure, thank you.

Present value of a single cash flow 2.- Demi Moore is offered $1 million for selling the copyrights of her life. However, she is convinced that her popularity will grow even further and that she can expect to receive $2 million in 5 years from now. With an annual interest rate of 14% : a) what is the present value of the $2 million in 5 years from now? b) should she sell the rights now or wait