Taylor Swift is selling $60$ year rights to her music catalogue and you must make an offer to buy it today. Assume you have unlimited funds but require a return on your money of $9\%.$ You would own all the rights which will give you a $$76\mathrm{.}66$mm annual payment for $60$ years. The important twist is the first payment is collected five years from today. What is your offer?

Question $19$ options:

$$5$bn

$$450$mm

$$950$mm

$$1,100$mm

$$1,325\mathrm{.}25$mm

$$600$mm