Compute the present value of a $400 cash payment received in perpetuity, using a discount rate of PV0=rCF - Write out each step you used to solve the problem you were assigned, and provide the solution to the problem as well. - Present your final solution as a decimal approximation carried out to the second decimal point (e.g., $000.00). - Explain the meaning of the problem and your solution in your own words. - Explain your answers to the following questions: - If the rate in the problem was higher, would the solution be higher or lower? - If the time period in the problem was shorter, would the solution be higher or lower? - Describe an element of this problem that was challenging to you. - Ask at least one question about time value of money mathematics