Problem 5-23 Valuing Perpetuities [LO 1] Live Forever insurance Company is selling a perpetual annuity contract that pays $2,800 monthly. The contract currently sells for $328,000. a. What is the monthly return on this investment vehicle? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9. 32.16. b. What is the APR? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. c. What is the effective annual return? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16