Time left $0$:$16$:$12$

You are entitled to a specified cashflow in the year $2060.$ You previously calculated the PV of this cashflow at $8\mathrm{.}4$million. Now, $31$ months later, you revisit your calculations and decide that all the assumptions you previously made remain valid, and that you should use a discount rate of $5\%,$ as you did before. All that has changed is today's date. What would you now estimate the PV to be$?$

a$.9\mathrm{.}53$

b$.10\mathrm{.}03$

c$.38\mathrm{.}12$

d$.8\mathrm{.}4$

e$.7\mathrm{.}41$

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