1. An agricultural business project in the Central City is seeking investment, which is expected to bring $120 thousand's income in one year. Normally, investors require a 10% return on similar projects. Amy is not only an investor but also an ag pro, and she believes that the actual risk of this project is much smaller than other investors expect, because she forecasts the drought will be relieved and overseas demand will rise in the coming year. So, her required return on this project is 5%. How much is this project valued to normal investors? And how much is Amy willing to pay for it? Use complete formulas to show your calculations