1. This problem has its roots in the economics of global warming. Carbon mitigation implemented today may not have a benefit for another 350-400 years! So, let's make some comparisons of present value of a dollar's benefit paid at a the following dates. That is, compute the present discounted values. Treat these as payments that occur at ONE TIME ONLY. Assume a 1% annual interest rate applies. (a) What is the present value of a $1 payment made 100 years from now? (b) What is the present value of a $1 payment made 300 years from now? (c) What is the present value of a $1 payment made 400 years from now? (d) Is there a significant difference in these present values as the time to reciept of the dollar grows? Briefly explain