(Present value of a perpetuity) At a discount rate of 6.00%, find the present value of a perpetual payment of $7,500 per year. If the discount rate were lowered to 3.00%, half the initial rate, what would be the value of the perpetuity? a. If the discount rate were 6.00%, the present value of the perpetuity is $. (Round to the nearest cent.) b. If the discount rate were lowered to 3.00%, half the initial rate, the present value of the perpetuity is $(Round to the nearest cent.) (Present value of a perpetuity) At a discount rate of 6.00%, find the present value of a perpetual payment of $7,500 per year. If the discount rate were lowered to 3.00%, half the initial rate, what would be the value of the perpetuity? a. If the discount rate were 6.00%, the present value of the perpetuity is $. (Round to the nearest cent.) b. If the discount rate were lowered to 3.00%, half the initial rate, the present value of the perpetuity is $(Round to the nearest cent.)