Suppose that five years from now you will inherit a perpetuity that will initially pay $ 3,000. Each of the following payments will be 5% larger than the prior payment. Assuming that perpetuity makes annual payments and the annual opportunity cost of capital is 15%, what is the value of this perpetuity today? Round your final answer to two decimals.

The answer might be the letter d.

Answer/straight-sell;

Combining the emissions released by fossil fuel burning and  the carbon released via land use change, we get a total of 8.7 gt. since the problem states that the oceans "take up" or sequester  2.4 gt carbon  per year, we subtract that value from 8.7 gt, leaving us with 6.3 gt of carbon. since the problem states that 3.4 gt carbon dioxide emissions end up in the atmosphere, the "missing sink" of carbon takes up 2.9 gt, a value we got by subtracting the 3.4 gt amount recorded from the 6.3 gt carbon left available after the oceans sequester the carbon dioxide.