The Perpetual Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $16,500 per year forever. If the required return on this investment is 5.5 percent, how much will you pay for the policy? (Round your answer to 2 decimal places. (e.g., 32.16)) Present value $ Suppose the Perpetual Life Insurance Co. told you the policy costs $380,000. At what interest rate would this be a fair deal? (Round your answer to 2 decimal places. (e.g., 32.16)) Interest rate %