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You have the opportunity to buy a perpetuity that pays $ 3 2 0 , 4 8 7 annually. Your required rate of return on

You have the opportunity to buy a perpetuity that pays $320,487 annually. Your required rate of return on this investment is 9.1 percent. You should be essentially indifferent to buying or not buying the investment if it were offered at a price of
$3,321,835.16
$3,421,835.16
$3,521,835.16
$3,621,835.16
$3,221,835.16
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