British government 3.6% perpetuities pay £3.6 interest at the end of each year forever. Another bond, 2.1% perpetuities, pays £2.10 a year forever.

a. What is the value of 3.6% perpetuities if the long-term interest rate is 5.6%? (Round your answer to 2 decimal places.)

b. What is the value of 2.1% perpetuities? (Round your answer to 2 decimal places.)