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An investment offers $ 5 , 4 0 0 per year for 1 0 years, with the first payment occurring one year from now. a

An investment offers $5,400 per year for 10 years, with the first payment occurring one year from now.
a. If the required return is 5 percent, what is the value of the investment today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
b. What would the value today be if the payments occurred for 35 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
c. What would the value today be if the payments occurred for 65 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
d. What would the value today be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
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