a growing perpetuity of annual cash flows starts with a cash flow of $1,000. Each subsequent

cash flow increases by 3% per year. The discount rate is 10%. The growing perpetuity starts

now, so the $1,000 occurs at the end of this year.

A. What is the value of the cash flows today?

B. What is the value of the cash flows in 5 years?

C. What is the value of the cash flows in 8 years?