When funds were being raised for the Chunnel project, the British Government was issuing bonds that would pay their owners 50 interest forever. The government figured the Chunnel (the tunnel under the English Channel between France and England) would generate toll income for at least hundreds of yearsessentially forever when it comes to the time value of moneyand that would justify the issuance of these perpetual bonds. How much would such bonds be worth at the time of their issuance, if economists are expecting very long-term interest rates are going to be around 4%?