Your rich aunt (who really liked you) passes away at the age of 93. Fortunately for you, she leaves you an investment in preferred stock that will pay a $7,000 annual dividend forever, with the first...

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Extracted text: Your rich aunt (who really liked you) passes away at the age of 93. Fortunately for you, she leaves you an investment in preferred stock that will pay a $7,000 annual dividend forever, with the first dividend payment occurring one year from today. Since you don't want to wait for your money, you decide to sell the investment. If the annual interest rate is 5.2%. What is the value today of this investment? a. $134, 615.38. b. $70, 000.00. c. $7, 000.00. d. The value of this investment cannot be calculated with the information provided.