P6-44 (similar to) Question Help (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 $6,500 at the end of year one and the annual cash flows grow at a rate of 2% per year indefinitely, if the appropriate discount rate is 12%? What if the appropriate discount rate is 10%? a. If the appropriate discount rate is 12%, the present value of the growing perpetuity is $ . (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. ? part remaining Clear All Check Answer MacBook Air