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Calculate the present values of each of the following, then express each of those PVs as a percentage of the PV of the perpetuity. In

Calculate the present values of each of the following, then express each of those PVs as a percentage of the PV of the perpetuity. In all cases use a discount rate of 15%.

a. An annuity paying $1.0 million per year for 10 years.

b. An annuity paying $1.0 million per year for 15 years.

c. An annuity paying $1.0 million per year for 20 years.

d. A perpetuity paying $1.0 million per year.

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