The Perpetual Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $14,000 per year forever. If the required return on this investment is 5 percent, how much will you pay for the policy? (Round your answer to 2 decimal places. (e.g., 32.16)) Suppose the Perpetual Life Insurance Co. told you the policy costs $300,000. At what interest rate would this be a fair deal? (Round your answer to 2 decimal places. (e.g., 32.16))