What is the net present value of this project calculated using an effective annual interest rate of 12%, if the payments generated start at $2 million at the start of year 6 but, because of inflation, all future payments are 5% higher than the preceding one?

On 1/1/00 an investment account, whose value is only calculated at the end of each day, was worth $200,000 The following withdrawals were made: $10,000 on 5/1/00 $20,000 on 1/1/01 $15,000 on 10/1/01 The following deposits were made: $28,000 on 9/1/00 $30,000 on 3/1/01 The value of the investment account was: $205,000 on 4/30/00 $200,000 on 8/31/00 $230,000 on 12/31/00 $213,000 on 2/28/01 $248,000 on 9/30/01 $240,000 on 12/31/01 On 1/1/00 an investment account, whose value is only calculated at the end of each day, was worth $200,000 The following withdrawals were made: $10,000 on 5/1/00 $20,000 on 1/1/01 $15,000 on 10/1/01 The following deposits were made: $28,000 on 9/1/00 $30,000 on 3/1/01 The value of the investment account was: $205,000 on 4/30/00 $200,000 on 8/31/00 $230,000 on 12/31/00 $213,000 on 2/28/01 $248,000 on 9/30/01 $240,000 on 12/31/01