An investment offers $7,800 per year for 13 years, with the first payment occurring one year from now. Assume the required return is 8 percent.

a.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 be if the payments occurred for 38 years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

c.What would the value be if the payments occurred for 73 years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

d.What would the value be if the payments occurred forever?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)