Question $1$

An investment oppertunity will pay you $$15,000$ every year starting $6$ year from today and the payment goes on forever $($this is a perpetuity$).$ If the interest rate is $29\%,$ what is the intrinsic value of this investment oppertunity?

Question $2$

An investment oppertunity will pay you $$500$ every year starting $6$ year from today and the payment goes on forever. The cashflow will grow each year at a constant rate $1\%($this is a growing perpetuity$).$ If the discount rate is $17\%,$ what is the intrinsic value of this investment oppertunity?