(Answered) Present value of investment plan

Finance

At drake's financial advisor teaches him about the time value of money he decides that he wants to start planning for the future. Next year they expect Drake's total song royalties to be $1600000. he plans to invest 16% of his annual royalties to accumulate wealth for the long term. drake and his financial advisor expect the royalties to grow by 8% annually in perpetuity. Drake's financial advisor suggests planning for a long-term 16% annual return on investments. with those assumptions, what is the present value of this investment plan? We need to know the PV of investment plan?

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