Problem 5-4 Calculating Annuity Present Values (LO 1) An investment offers $6,125 per year for 15 years, with the first payment occurring one year from now. Assume the required return is 8 percent a. What is the value of the investment today? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What would the value be if the payments occurred for 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What would the value be if the payments occurred for 75 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What would the value be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) a. Present value b. Present value C. Present value d. Present value