Given an interest rate of 12% per year compounded monthly, what is the value at the date t = 0 of a growing perpetual stream of $200 monthly payments that begin at the date t = 1 (1^st month) and grows at 0.05% per month till perpetuity? (nearest integer value)

Select one:

a. $20000

b. $2857

c. $21053

d. -$5000