1. Dusty Wall will receive $8,000 one year from today and $10,000 two years from today. Then from the end of the third year through the end of the eighth year, he will receive $20,000 per year. At a discount rate of 4% what is the present value of all future benefits? Draw a timeline. (10 points)

Dusty Wall will receive $8,000 one year from today and $10,000 two years from today. Then from the end of the third year through the end of the eighth year, he will receive $20,000 per year. At a discount rate of 4% what is the present value of all future benefits? Draw a timeline. ( 10 points)