Calculate the Present Value of a Growing Annuity Given the Following

Calculate the present value of a growing annuity given the following information: current cash flows: $140,000; cash flow growth rate = 3%; timeframe = 35 years; required rate of return = 7%.

A) $2,277,559
B) $2,377,559
C) $2,477,559
D) $2,577,559
E) $2,677,559