11.) What is the present value of a perpetual stream of cash flows that pays $6,000 at the end of year one and the annual cash flows grow at a rate of 3% per year indefinitely, if the appropriate discount rate is 8%? What if the appropriate discount rate is 6%?

a.If the appropriate discount rate is 8%, the present value of the growing perpetuity is $nothing. (Round to the nearest cent.)