Question 23 (4 points) Suppose that Neil Diamond wants to raise capital for a new venture. To raise the funds, he will sell the rights to his future royalties to his music catalog. His projected royalties for the end of next year is $25.00 million. These royalties will decrease in size by 5% per year going forward. Diamond is offering these "rights" for a 20-year duration. The investment promises an 7% annual percentage return. Based on these assumptions, how much capital can Neil Diamond raise if he sells all his royalties? (round to the nearest million) $173 million $393 million $158 million $189 million $161 million