(Present value of a growing perpetuity)What is the present value of a perpetual stream of cash flows that pays $1,000 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 9%? What if the appropriate discount rate is 7%?

a.If the appropriate discount rate is 9%,the present value of the growing perpetuity is $

b.If the appropriate discount rate is 7%, what is the present value of the growing perpetuity?