The answer is $19\mathrm{.}8$

8) A private water utility purchases kilowatt-hours of electricity per year for pump operations. The unit cost of electricity is currently 10.0 cents per kilowatt-hour. Over the next 30 years, the utility's electrical energy consumption is expected to remain constant while the unit cost of electricity increases at an average rate of 3.0% per year. The utility's minimum attractive rate of return is 6.0%. Find the present value of the next 30 years of electricity purchases in million dollars.