Please view the following video before answering this question. Video Solution: $10\mathrm{.}02-$PR$011$

Global steel prices have a year$-$over$-$year inflationary rate increase of $9\mathrm{.}9\%.$ Tube Fab purchased $$750,000$ of a particular carbon steel during the year just ended right now, and they intend to purchase the same quantity at the end of each of the next $5$ years. Tube Fab earns a real rate of $16\%$ on their money.

Determine Tube Fab's PW of expenditures over the next $5$ years using then$-$current dollars. $