P6-44 (similar to) Question Help (Related to Checkpoint 6.5) (Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that pays $6,000 at the end of year one and the annual cash flows grow at a rate of 4% per year indefinitely, if the appropriate discount rate is 13%? What if the appropriate discount rate is 11%? a. If the appropriate discount rate is 13%, the present value of the growing perpetuity is $ (Round to the nearest cent.)