1) i:You are considering an investment that will pay you $1475 in one year, $2255 in two years and $3360 in three years. If you want to earn 11% on your money, how much will you be willing to pay?Round and answer to the nearest cent.

ii. You are offered an investment that will pay you $1000, $1200, $1500, $1700, $2000, $2500, $3000, and $3500 over the next eight years (one cash payment per year). You require a 6% return on your investment. What is the most you would invest today? (In other words, what is the present value of this cash flow stream?) Round to the nearest cent.