1. Cannabis Products (CP) is analyzing a new project. Management expects to spend $10m on new equipment three years from now and to receive cash benefits in years 4, 5, 6, and 7 of $5m, $5m, $5m and $8m, respectively. CP can earn an annual return of 6%, compounded annually, on money invested today in similar projects.

What will the present value of this stream be two years from today, in millions of dollars? (E.g., enter $100m as 100.)

2 Cannabis Products (CP) is analyzing a new project. Management expects to spend $10m on new equipment three years from now and to receive cash benefits in years 4, 5, 6, and 7 of $5m, $5m, $5m and $8m, respectively. CP can earn an annual return of 6%, compounded annually, on money invested today in similar projects.

What is the present value of this stream today, in millions of dollars? (E.g., enter $100m as 100.)