Question 9 A rich relative has bequeathed you a growing perpetuity. The first payment will occur in one year and will be $11317 each Each year after that, you will receive a payment on the anniversary of the last payment that is 25% targer than the last payment. This pattern of payments will go on forever. If the interest rate is 7% per year, what is the present value of the best? Keep 2 decimal places answered Points out 1.00 Answer: Fing