I understand Cheggs policy of only posting one question, but this is a two part question and the first question is necessary to answer the second

10. Calculating Perpetuity Values [LO1] The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $35,000 per year forever. If the required return on this investment is 4.7 percent, how much will you pay for the policy? PV FV PMT RATE NPER 11. Calculating Perpetuity Values [LO1] In the previous problem, suppose a sales associate told you the policy costs $800,000. At what interest rate would this be a fair deal? PV FV PMT RATE NPER