What is the present value of a perpetual stream of cash flows that pays $8,000 at the end of year one and the annual cash flows grow at a rate of 2 percent per year indefinitely, if the appropriate discount rate is 10%? What if the appropriate discount rate is 8%?

If the appropriate discount rate is 10%, the present value of the growing perpetuity is $_

If the appropriate discount rate is 8%, the present value of the growing perpetuity is $_