answer both parts

B6-44 (book/static) A Question Help O (Related to Checkpoint 6.5) (Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that pays $1,000 at the end of year one and the annual cash flows grow at a rate of 4% per year indefinitely, if the appropriate discount rate is 8%? What if the appropriate discount rate is 6%? a. If the appropriate discount rate is 8%, the present value of the growing perpetuity is $(Round to the nearest cent.)