Save Homework: Ch 5 HW (part 2 of 2) 4 of 6 (3 completo) P5-28 (similar to) Score: 0 of 1 pt HW Score: 60%, 3 of 5 pts Question Help Perpetuities You are evaluating an investment that will pay $60 in 1 year, and it will continue to make payments at annual intervals thereafter, but the payments wil grow by 3% forever a. What is the present value of the first $80 payment if the discount rate is 11%? b. How much cash will this investment pay 100 years from now? What is the present value of the 100th payment? Again use a 11% discount rate c. What is the present value of the entire growing stream of perpetual cash flows? d. Explain why the answers to parts a and help to explain why an infinite stream of growing cash flows has a finite present value a. The present value of the first $80 payment is $. (Round to the nearest cent)