b) Given an interest rate of 5 percent per year, what is the value at date t= 7 of a perpetual stream of $1,900 payments with the first payment at date t= 15? Multiple Choice O $26,465.77 $27,005.89 $25,719.90 $27,546.01 $38,100.00 The appropriate discount rate for the following cash flows is 9 percent compounded quarterly Year 1 2 3 4 Cash Flow $ 900 600 0 1,100 What is the present value of the cash flows? Multiple Choice $2,054.11 $2.137.96 $2.109.96