Which of the following statements regarding growing perpetuities is FALSE?

To find the value of a growing perpetuity one cash flow at a time would take forever.

We assume that r < g for a growing perpetuity.

A growing perpetuity is a cash flow stream that occurs at regular intervals and grows at a constant rate forever.

PV of a growing perpetuity = fraction numerator C over denominator left parenthesis r minus g right parenthesis end fraction