1. Calculate the number of years the current superannuation fund amount of AUD600,000 will support a net income requirement of AUD75,000 per annum. Assume the net income requirement does not change and the fund generates a constant return of 5% per annum. Ignore fees and taxes. Show your answer in years to one decimal place (for example, 10.2 years).

2. Calculate the required superannuation fund amount to support a net income requirement of AUD75,000 per annum for 30 years. Assume the net income requirement does not change and the fund generates a constant return of 5% per annum. Ignore fees and taxes. Show your answer in millions to one decimal place (for example, AUD2.1 million).