Please show all work and steps: What is the present value today of an investment that pays $100 every other year forever when the first cash flow occurs in two years (e.g. $100 in year 2, $100 in year 4, etc.)? What is the present value today if the first cash flow occurs in one year (e.g. $100 in year 1, $100 in year 3, etc.)? The opportunity cost of capital is 12% per year