Suppose the Current Price of Gold Is $600 Per Ounce

Suppose the current price of gold is $600 per ounce and the price of gold is expected to increase at a rate of 5% per year for the foreseeable future.What is the current value of 0.2 million ounces of gold to be produced each year for the next five years (the discount rate is 8% per year) ?

A) $600.00 million
B) $521.64 million
C) $690.86 million
D) $3,000.00 million