1) A company has an opportunity to invest in a project which will earn cash flows of $100,000 in the first year, $200,000 in the second year and $350,000 in the third year. If their investor's required return is 12%, what is the most the company should pay for the project? (Enter only numbers and decimals in your response. Round to 2 decimal places.)

2) A business has an project that will bring in annual cash flows of $250,000 for 8 years. The company's investor's require a return of 12%. What is the most the company should pay for the project? (Enter only numbers and decimals in your response. Round to 2 decimal places.)