(10 pts) Barley Company owns a plot of land on which buried toxic wastes

have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues, Barley wishes to sell the land now. It has located two potential buyers: Buyer A, who is willing to pay $350,000 for the land two years from now, and Buyer B, who is willing to make 12 annual payments of $50,000 each, with the first payment to be made 4 years from today. Assuming that the appropriate rate of interest is 9%:

What is the present value of Buyer As offer? $ __________

What is the present value of Buyer Bs offer? $ __________