(Present value of a growing perpetuity) Your firm has taken on cost saving measures that...
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Present value of a growing perpetuity Your firm has taken on cost saving measures that will provide a benefit of $ in the first year. These cost savings will decrease each year at a rate of percent forever. If the appropriate interest rate is percent, what is the present value of these savings? The present value of these cost savings is $ Round to the nearest cent. 
Present value of a growing perpetuity Your firm has taken on cost saving measures that will provide a benefit of $ in the first year. These cost savings will decrease each year at a rate of percent forever. If the appropriate interest rate is percent, what is the present value of these savings?
The present value of these cost savings is $
Round to the nearest cent.
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