Growing Perpetuity $($and selling price$)$

Carrie grandfather owns a farm. The farm earned $$700,000$ this year. The profits are expected to grow at $5\mathrm{.}25\%$ per year forever. What is the value of the farm if the discount rate is $7\mathrm{.}5\%?$

What is the expected selling price of the farm next year?

How much did the farm appreciate $($as a percent$)?$