The Perpetuity Of Broken Dreams is an investment that pays monthly cash flows The first payment of $375.00 is due in one month. Payments then grow by 6.0% per month until month 56. The payment in month 57 is $423.75, which is 13.0% larger than the original first cash flow of $375.00. Payments then grow again by 6.0% per month until month 112. This pattern of a cash flow followed by 55 periods of growth, which is then followed by a lower cash flow ( that is 13.0% bigger than the last 'lower cash flow') and then subsequent growth, repeats in perpetuity. What is the total present value today at t-0 of the perpetuity's payments if the discount rate is 15.6% EAR? a. $244,664.01 b. $266,266.67 c. $298,618.11 d. $284,945.76 e. $226,255.75 The Perpetuity Of Broken Dreams is an investment that pays monthly cash flows The first payment of $375.00 is due in one month. Payments then grow by 6.0% per month until month 56. The payment in month 57 is $423.75, which is 13.0% larger than the original first cash flow of $375.00. Payments then grow again by 6.0% per month until month 112. This pattern of a cash flow followed by 55 periods of growth, which is then followed by a lower cash flow ( that is 13.0% bigger than the last 'lower cash flow') and then subsequent growth, repeats in perpetuity. What is the total present value today at t-0 of the perpetuity's payments if the discount rate is 15.6% EAR? a. $244,664.01 b. $266,266.67 c. $298,618.11 d. $284,945.76 e. $226,255.75