For each of the following situations, identify the correct factor to use from Tables 1 or 2 in the appendix on present value tables. Also, compute the appropriate present value.

1. Annual net cash inflows of $22,500 for a period of twelve years, discounted at 14 percent

2. The following five years of cash inflows, discounted at 10 percent:

3. The amount of $70,000 to be received at the beginning of year 7, discounted at 14percent

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Yea $35,000 Year 2 20,000 Year 3 Year 4 $40,000 Year 5 50,000 30,000