1) A company has an opportunity to invest in a project which will earn $11,002 in the year1, $10,476 in the year 2 and $18,846 in year 3. If their investor's required return is 9.06%, what is the most the company should pay for the project? (In other words, how much is the project worth today?)

2) You are looking at an investment that will pay you $21,420 in year 2, $43,675 in year 4 and $48,502 in year 6. If your required return is 9.92%, what is the most you should pay for the investment? (In other words, how much is the project worth today?)