help please

(Related to Checkpoint 6.5) (Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that pays $1,000 at the end of year one and the annual cash flows grow at a rate of 3% per year indefinitely, if the appropriate discount rafe is 11% ? What if the appropriate discount rate is 9% ? a. If the approptiate discount rate is 11%, the present value of the growing perpetuity is $ (Round to the nesirest cent) b. If the approprate discount rate is 9%, the present value of the growing perpetuity is $ (Round to the nearest cent)