Present value of a growing perpetuity)What is the present value of a perpetual stream of cash flows that pays $5,000 at the end of year one and the annual cash flows grow at a rate of 4% per year indefinitely, if the appropriate discount rate is 9 %? What if the appropriate discount rate is 7 %?-If the appropriate discount rate is 9 %, the present value of the growing perpetuity is $------(Round to the nearest cent.)