this company on several gas stations. Management is looking to open a new station in the western suburbs of Boston. One possibility that managers at the company are evaluating us to take over station located at the site has been leased from the county. The lease, originally for 99 years, currently has 73 years before expiration. The gas station generate a net cash flow of $94,900 last year. The current owners expect an annual growth rate of 6.3%. If the company uses a discount rate of 15% to evaluate such businesses, what is the present value of this growing annuity?