1. BearCat Co. has identified an investment project with the following cash flows. Assume the discount rate is 5% annually. Year Cash Flow 1 $ 655 2 950 3 1,960 4 2,500 (1) What is the present value (= time 0 value) of these cash flows? (3 pts) (2) What is the future value (= time 4 value) of these cash flows? (3 pts) (3) What is the time 2 value of these cash flows? (5 pts) 2. Assume the total cost of a college education will be $255,000 when your child enters college in 15 years. You presently have $108,000 to invest for this purpose. What rate of interest must you earn to cover the cost of your child's college education? (4 pts)