When calculating the present value of a growing perpetuity, what happens when the interest

rate is lower than the growth rate?

Select one:

a$.$ The numerator in the present value formula gets infinitely small.

b$.$ The denominator in the present value formula becomes negative.

c$.$ The numerator in the present value formula gets infinitely large.

d$.$ The denominator in the present value formula gets infinitely large.

e$.$ The present value gets infinitely small.