Question: The Stack just released the single greatest rock song ever made. The members of the band believe that the royalties from the song will pay

The Stack just released the single greatest rock song ever made. The members of the band believe that the royalties from the song will pay the band $236,479 every year forever. The record studio is also convinced the song will be a smash hit and that the royalty estimate is accurate. The record studio wants to pay the band upfront and not make annual payments for the song. What should the record company offer the band if they use a 4.7% annual discount rate?

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