An investment promises to pay you $$100$ per year starting immediately. The cash flow from the investment is expected to increase by $2$

percent per year forever. If alternative investments of similar risk earn a return of $8$ percent per year, determine the maximum you

would be willing to pay for the investment. $($Round answer to $2$ decimal places, e$.$g$.125\mathrm{.}12.$ Do not round your intermediate calculations.$)$

Maximum amount you would be willing to pay

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