To find the payment amount of a perpetuity given the present value, you can use the formula for the present value of a perpetuity:
\[ PV = \frac{C}{r} \]
Where:
- \( PV \) is the present value of the perpetuity (which is $21,161.00),
- \( C \) is the annual payment,
- \( r \) is the discount rate (which is 14% or 0.14).
Rearranging the formula to solve for the annual payment \( C \):
\[ C = PV \times r \]
Now plug in the values:
\[ C = 21,161.00 \times 0.14 \] \[ C = 2,960.54 \]
Therefore, the payment must be $2,960.54.