PLEASE SHOW THE WORK 9. A friend who owns a perpetuity that promises to pay $1,000 at the end of each year, forever, comes to you and offers to sell you all of the payments to be received after the 25th year for a price of $1,000. At an interest rate of 10%, should you pay the $1,000 today to receive payment numbers 26 and onwards? What does this suggest to you about the value of perpetual payments? a. You just purchased an investment at a price of $5,400. Next year, you will receive a cash flow of $1,000 from holding the investment. In the subsequent years, cash flows will grow at 5 percent for four years. What must your rate of return be