# What is the present value of a perpetual stream of flows that pays $3,000 at the end of year one and the annual cash flows grow at a rate of 3% per year indefinitely, if the appropriate discount rate is 9%? What if the appropriate discount rate is 7%?

# What is the present value of a perpetual stream of flows that pays $3,000 at the end of year one and the

annual cash flows grow at a rate of 3% per year indefinitely, if the appropriate discount rate is 9%? What if the appropriate discount rate is 7%?