Vineyard - Minimum Price to accept for the purchase of a vineyard with the following information (assume all receipts and payments are due at the end of each year).

Interest Rate = 12% for entire period
Number of Periods = 40

Expenses:
Lease = $27,000 per year
Years 1-5 = $9,000
Years 6-40 = $10,000

Revenues:
Year 1-5 = $0
Year 6-10 = $60,000
Year 11-30 = $100,000
Year 31-40 = $80,0000

Alright... those are the facts, I paraphrased them a bit. I know I have to determine present and future values to find the answer, but I don't know where to begin? I think they are annuities, but I'm guessing some are deferred and some are not. Any help? Thanks!

Can you please not duplicate your questions in two different places. Gets confusing.

Although you didn't put "annuity due" on your other post.

assume all receipts and payments are due at the end of each year

... at the end of each year. Not an annuity due. And these problems generally assume end of year.