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The Perpetuity Of Broken Dreams is an investment that pays monthly cash flows. The first payment of $900.00 is due in one month. Payments then

The Perpetuity Of Broken Dreams is an investment that pays monthly cash flows. The first payment of $900.00 is due in one month. Payments then grow by 4.1% per month until month 37. The payment in month 38 is $1,071.00, which is 19.0% larger than the original first cash flow of $900.00. Payments then grow again by 4.1% per month until month 74. This pattern of a cash flow followed by 36 periods of growth, which is then followed by a lower cash flow (...that is 19.0% 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 17.6% EAR?


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