1. (0.5 points total) You purchased a bond with a face value of $1,000 ten years ago for $975. The bond pays a coupon rate of 6%, paid every two months (6 times per year). Draw a CFD. a. What in the bond's coupon payment every two months? b. If you want an annual yield of 8% from the bond, how much should you sell the bond for now? 2.(0.5 points) You plan to invest in a project that is expected to last forever. Your investment plan is shown in the table below. If your MARR is 5% compounded annually, how much money should you set aside now in order to sustain this perpetual project? Draw a CFD. Costs Amount Year incurred Initial Cost $500,000 End of year o Initial Restructuring Cost $25,000 End of year 5 Annual Operation and Maintenance Cost $2,500 Every year forever Major Maintenance Costs $20,000 First in year 10, then every 10 years forever To receive the extra credit points for each problem, submit a picture or PDF of your work including a CFD, an equation setup using functional notation, your solution and a statement summarizing what the answer means