The municipal government has imposed a temporary, five year tax increase on the value of a property that will raise $$80$ million at the end of the first year. Property values are estimated to grow at a rate of $3\%$ percent per year.

What is the present value of the total amount of tax the proposal will raise if the discount rate is $8$ percent?

What is the present value of the total amount of tax the municipal government could raise if the tax is permanent and the discount rate is still $8\%?$