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(Present value of a perpetuity) At a discount rate of 17.50%, find the present value of a perpetual payment of $6,000 per year. If the

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(Present value of a perpetuity) At a discount rate of 17.50%, find the present value of a perpetual payment of $6,000 per year. If the discount rate were lowered to 8.75%, half the initial rate, what would be the value of the perpetuity? a. If the discount rate were 17.50%, the present value of the perpetuity is $. (Round to the nearest cent.)

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