You are given the following cash flows at the end of the year. What is the present value at a discount rate of 8 percent annually? Year SO 1 2 51.000 $2.000 $2.000 4 5 $3.000 53,000 $3.000 6 58,720.07 59.291.03 $9.920.56 $10.28103 $10.365.62 Which term applies to a set of cash flows that are infinite in number and increase in amount at a steady rate? o Perpetuity Graduated annuity Growing perpetuity Annuity Lump sum payment