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1. A black box spews out $100 today and then every year, forever. The risk-free rate is currently 7% per year, and is not expected

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1. A black box spews out $100 today and then every year, forever. The risk-free rate is currently 7% per year, and is not expected to change. What is the value of the black box today, before the first $100 are spewed out? 2. What is the value of the box from Q1, if the amount it spews out grows by 5% every year (i.e., it'll be $105 in 1 year, $110.25 in two years, ...)

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