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: $200,000; cash flow growth rate = 5%; timeframe = 50 years; required rate of return = 12%.

A) $2,443,773
B) $2,543,773
C) $2,643,773
D) $2,743,773
E) $2,843,773