Suppose the current price of gold is $$1,360$ an ounce. Hotshot Consultants advises you that gold prices will increase at an average rate of $11\%$ for the next two years. After that the growth rate will fall to a long$-$run trend of $3\%$ per year. Assume that gold prices have a beta of $0$ and that the risk$-$free rate is $5\mathrm{.}25\%.$ What is the present value of $1\mathrm{.}8$ million ounces of gold produced in $7$ years?