The sale of a company is being negotiated; It is agreed that the price of the transaction will be equal to the present value of the estimated future profits of said company. The first two years no profit or loss is expected. The third year 18,000 euros of benefits are expected; thereafter an annual increase of 5% is expected until the sixth year; and it is expected to maintain the benefit of that sixth year in perpetuity. What will the price of the transaction be?

Hypothesis:

Update rate: 7%

Profits are generated on the last day of each year.