Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,400 monthly. The contract currently sells for $113,000. a. What is the monthly return (monthly discount rate) on this investment vehicle? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Based on the monthly rate, what is the APR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What is the effective annual return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. % a. Monthly return b. APR % C. EAR %