1) What is the present value of a promise to receive $200 forever, beginning next year (t=1), if the interest rate is 5% per year? 2) What is the present value of a promise to receive $200 forever, beginning now (t=0), if the interest rate is 10% per year 3) What is the present value of a firm that just paid $500 this year, growing by 3% forever, if the interest rate is 10% per year? 4) In 5 years, a firm will have annual cash flows of $50,000 in perpetuity. Thereafter, its cash flows will grow at the inflation rate of 5%. If the applicable interest rate is 8%. What would this firm be worth today? 5) In 2015, GOOG had a Price/Earnings ratio of 20. Its cost of capital was roughly 7%. What does the market believe its growth rate will be