Calculate the present value of the following perpetuities:

(a) $1,490 discounted to the present at 7 percent. (Round answer to 2 decimal places, e.g. 15.25.)

Present value of Perpetuity $_________

(b) $7,480 discounted to the present at 6.33 percent. (Round answer to 2 decimal places, e.g. 15.25.)

Present value of Perpetuity $________

(c) $946 discounted to the present at 20 percent.

Present value of Perpetuity $________