An investment offers $7,700 per year for 14 years, with the first payment occurring one year from now. Assume the required return is 8 percent.

An investment offers $7.700 per year for 14 years, with the first payment occuming one year from now. Assume the required return is 8 percent. What is the value of the investment today? (Do not round Intermedlate calculations and round your answer to 2 declmal places, e.g., 32.16. Present value s What would the value be if the payments occurred for 39 years? (Do not round intermediate calculations and round your answer to 2 decima Present value What would the value be if the payments occurred for 74 years? (Do not round intermediate calculations and round your answer to 2 decima Present value what would the value be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal pla Present value Hints References eBook & Resources Hint #1 Check my work