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An investment offers $8,900 per year for 14 years, with the first payment occurring one year from now. Assume the required return is 9 percent.

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An investment offers $8,900 per year for 14 years, with the first payment occurring one year from now. Assume the required return is 9 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 39 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 74 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.), 32.16.) 4 a. Present value b. Present value C. Present value d. Present value

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