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Find the present value of the following perpetuity. Find the present value. Do not approximate the answer. The present value is $ enter your response

Find the present value of the following perpetuity.
Find the present value. Do not approximate the answer.
The present value is $
enter your response here.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
image text in transcribed
Find the present value of the following perpetuity. Find the present value. Do not approximate the answer. The present value is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)

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