You own an oll plpeline that wll generate a $2.8 million cash return over the coming year. The pipeline's operating costs are negligible, and it is expected to last for a very long time. Unfortunately, the volume of oll shipped declining, and cash flows are expected to decline by 5.5% per year. The discount rate is 12% a. What is the PV of the pipeline's cash flows if its cash flows are assumed to last forever? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Present value b. What is the PV of the cash flows if the pipeline is scrapped after 15 years? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Present value