n Question 7 1 pts A perpetuity pays $2,053 at the end of each year. If the discount rate is 8%, what is the present value of the perpetuity? Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46. D Question 8 1 pts A project has an initial cost of $111,618 and cash inflows at the end of each year of $13,166. What is the payback period for this project? Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46