Question: I need step by step explanation and answer for the following problem attached as image: You are an investor and you are considering an offer

I need step by step explanation and answer for the following problem attached as image:

You are an investor and you are considering an offer to buy a farm for a price of $150,000,000 You predict that the farm will generate net annual cash flows (starting at the end of the lst year and continuing on in perpetuity) of $3,000,000 If you require a 5% rate of return for similar investments, what is the NPV (Net Present Value) of the investment (Answer to the nearest $0.01)

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