Problem $6-50$ Calculating Present Value of a Perpetuity $[$LO$1]$

Given a discount rate of $5\mathrm{.}4$ percent per year, what is the value at Date $t=10$ of a

perpetual stream of $$3,800$ payments with the first payment at Date $t=20?($Do not

round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$

Perpetuity value