1. The given scenario shows your income and expenses for the next 3 years, find the following: Year 1: Income=$54,000 Expense=$21,912.96 Year 2: Income=$55,620 Expense=$21,582.96 Year 3: Income=$32,087.04 Expense=$22,572.96 a) PW and AW, interest rate 2% b) ROR, reinvestment rate 5% c) How much in savings should you have at year 0 (now) to make sure your cumulative cash flow during the 3 years will not become negative