A building is expected to generate no cash flows for several years and then generate annual cash flows forever. What is the value of the building if the first annual cash flow is expected in 3 years, the first annual cash flow is expected to be 16,150 dollars, all subsequent annual cash flows are expected to be 0.39 percent higher than the cash flow generated in the previous year, and the cost of capital for the building is 13.79 percent?

What is the value of a building that is expected to generate fixed annual cash flows of 82,300 dollars every year for a certain amount of time if the first annual cash flow is expected in 4 years, the last annual cash flow is expected in 11 years, and the appropriate discount rate is 15.69 percent?