You work for a cellphone manufacturing company that has developed a new product. The new cellphone production will last

[answerhappygod]

You work for a cellphone manufacturing company that has
developed a new product. The new cellphone production will
last for 7 years. You expect that sales from the new
product will generate cash flows of $13.0 million from the first
year and that this amount will grow at a rate of 2.0% per year for
the next 7 years. If the cost of capital is 5.1% per
year, what is the present value of producing this cellphone? Round
your answer to the nearest whole number.