A rich relative has bequeathed you a growing perpetuity. The frst payment will occur in a year and will be $4,000. Each yoor atior that, you wil rocelve a prymert on the anninerary of tee last payment that is 3% larger than the last payment. This pattem of payments will go on forevet. Assume that the interest rate is 16% per year. a. What is todoy's value of the bequest? b. What is the value of the bequest immediately after the first payment is made? a. What is todays value of the bequest? Todays value of the bequest is 5 (Round to the nearest dollar.)