An investment makes annual payments. The first payment of $$250 is due in one year at t=11. Payment grow at a rate of 16.0% annually until t=24. Payments then are stable until t=35. Afterwards, payments grow at a rate of 2.0% annually (the payment at t=36 is 2.0% bigger than the payment at t=35 and are paid in perpetuity.

A) What is the cash flow at t=36? (report the t=36 value).

The cash at t=36 is $$. (Round to the nearest cent.)

Your last answer was interpreted as follows: 7745.9

Correct answer, well done.

B) What is the present value of the investment's cash flows at an annual discount rate of 14.0?