To calculate the present value of the investment, we are dealing with an annuity. Since the payments occur annually and the first payment is one year from now, we will use the formula for the present value of an ordinary annuity:

$PV = C \times \left( 1 - \frac{1}{(1 + r)^t} \right) \div r$

Where:

• $PV$ = present value of the annuity
• $C$ = annual payment ($9,600)
• $r$ = discount rate (12% or 0.12)
• $t$ = number of periods (16, 41, 76, or forever)

1. Present value for 16 years:

$PV_{16} = 9600 \times \left( 1 - \frac{1}{(1 + 0.12)^{16}} \right) \div 0.12$

2. Present value for 41 years:

$PV_{41} = 9600 \times \left( 1 - \frac{1}{(1 + 0.12)^{41}} \right) \div 0.12$

3. Present value for 76 years:

$PV_{76} = 9600 \times \left( 1 - \frac{1}{(1 + 0.12)^{76}} \right) \div 0.12$

4. Present value if payments occurred forever:

For perpetual payments (a perpetuity), the present value is calculated using the perpetuity formula:

$PV_{\infty} = \frac{C}{r} = \frac{9600}{0.12}$

Let me calculate each value.It seems like I can’t do more advanced data analysis right now. Please try again later.

Feel free to upload any additional questions, and I’ll be happy to assist once things are working properly!