1) Sunland Company is considering an investment that will return a lump sum of $902,000 8 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Sunland Company pay for this investment to earn an 12% return? (Round answer to 2 decimal places, e.g. 25.25.)

2)Carla Vista Co. is about to issue $472,000 of 10-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Carla Vista expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.)

3)Crane Company is about to issue $390,000 of 6-year bonds paying an 12% interest rate, with interest payable annually. The discount rate for such securities is 11%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Crane expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.)

4)Matthew Googal owns a garage and is contemplating purchasing a tire retreading machine for $21,500. After estimating costs and revenues, Matthew projects a net cash inflow from the retreading machine of $4,730 annually for 11 years. Matthew hopes to earn a return of 12% on such investments. What is the present value of the retreading operation? Should Matthew Googal purchase the retreading machine? (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (Round answer to 2 decimal places, e.g. 15.25.)