1. (Valuation of Cash-Flows) You have just had a baby girl and you want to ensure the funding of her college education. Tuition today is $20,000, and it is growing at 5 percent per year. In 18 years, your daughter will enter a four-year undergraduate program with tuition payments at the beginning of each year. a. What is the amount of your daughter's first-year (the 18th year from now) tuition given the tuition growth rate. (7.5 points) b. What is the present value of her first-year tuition today? (7.5 points) c. At the rate of 10 percent compounded annually, how much must you deposit today just to cover tuition expenses? (5 points) (Hint: what you deposit should be equal to the present value of all four-year tuition) d. What amount must you save at the end of each year over the next 18 years to cover these expenses? (5 points)