The present value of a perpetuity paying 1 every two years with the first payment due immediately is 6.7 at an annual effective rate of i. Another perpetuity paying Revery three years with the first payment due at the beginning of year two has the same present value at an annual effective rate of 1 + 0.02. Calculate R. ho O 1.7 O 1.9 2.1 2.3 2.5