Need answers B through D.

Perpetuities You are evaluating an investment that will pay $70 in 1 year, and it will continue to make payments at annual intervals thereafter, but the payments will grow by 5% forever. a. What is the present value of the first $70 payment if the discount rate is 12%? b. How much cash will this investment pay 100 years from now? What is the present value of the 100th payment? Again use a 12% discount rate. c. What is the present value of the entire growing stream of perpetual cash flows? d. Explain why the answers to parts a and b help to explain why an infinite stream of growing cash flows has a finite present value. a. The present value of the first $70 payment is $ 62.50. (Round to the nearest cent.) b. The amount this investment will pay 100 years from now is $. (Round to the nearest cent.)