(Present value of a perpetuity) At a discount rate of 13.00%, find the present value of a perpetual payment of $8,000 per year. If the discount rate were lowered to 6.50%, half the initial rate, what would be the value of the perpetuity? a. If the discount rate were 13.00%, the present value of the perpetuity is $ (Round to the nearest cent.) (Round to the b. If the discount rate were lowered to 6.50%, half the initial rate, the present value of the perpetuity is $ nearest cent.)