5. 10.41 A multinational software security firm is planning an overseas expansion 3 years from now that will cost $50 million of today’s dollars. Due to a robust economy in Europe in this area, the cost is expected to increase by 15% per year in each of the next 3 years. Assuming the inflation rate is 4% per year,

(a) determine the required annual deposit into a fund that earns the market rate of 10% per year to ensure that the amount needed in 3 years will be available.

(b) Write the spreadsheet function that displays the annual deposit directly.