Your Aunt Brooke has promised to leave you an annuity that will make its first payment of $100 in exactly one year. Thereafter, the payments will grow at an annual rate of 5%. The payments are expected to go on indefinitely. Your relevant interest rate is 9%. What is the value of the growing perpetuity?

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Calculate net income based on the following information. Sales are $250, cost of goods sold is $120, depreciation expense is $35, interest paid is $40, and the tax rate is 34%. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ENTER YOUR ANSWER TO TWO DECIMAL PLACES (e.g. 25.75).

Answer:________________