Related to Checkpoint 65 Present value o a growing perpetuity What is the present value of a perpetual stream of cash flows that pays year indefinitely, if the appropriate discount rate is 14%? What if the appropriate discount rate is 12%? 3 500 at the end of year one and the annual cash flows grow at a rate o 2% per a. If the appropriate discount rate is 14%, the present value of the growing perpetuity is si-(Round to the nearest cent.)