Question: please help with this!! i need a and b thank you The Perpetual Life Insurance Company is trying to sell you an investment policy that

please help with this!! i need a and b
thank you
 please help with this!! i need a and b thank you

The Perpetual Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $18,000 per year forever. a. If the required return on this investment is 5.8 percent, how much will you pay for the policy? (Round your answer to 2 decimal places, e.g., 32.16.) b. Suppose the Perpetual Life Insurance Company told you the policy costs $440,000. At what discount rate would this be a fair deal? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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