16) Barron has bequeathed a growing perpetuity to his grandson Arron through a Trust. The first payment will be $12,000 and will come at the end of the year. These payments will then grow at a rate of 5% each year forever thereafter. a) If the opportunity cost is 9.5%, what is the value of the bequest today? b) The Trustees have determined that the value of the bequest today is $280,000. What discount rate did the Trustees use in figuring this value