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: $240,000; cash flow growth rate = 6%; timeframe = 60 years; required rate of return = 14%.

A) $3,061,877
B) $2,961,877
C) $2,861,877
D) $2,761,877
E) $2,661,877