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英语翻译What is the net presentvalue at a discount rate of 12 pe

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英语翻译
What is the net presentvalue at a discount rate of 12 percent per year of an investment made byspending $1,000,000 this year on a portfolio of stocks,with an initialdividend next year of $100,000 and an expected rate of dividend growththereafter of 4 percent per year?
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英语翻译What is the net presentvalue at a discount rate of 12 pe
以每年12%的贴现率投资100万美元的股票,明年它的初始股息是10万美元.预期股息增长率为4%,其贴现值是多少?