3. Problem Three: Fiterman Bank expects to receive $500,000 at the end of each year, for the next 20 years. The nominal interest rate is 3.75%. As shown in class, (a) use a Discounted Cash Flow (DCF) model to compute the present value of these future cash flows, (b) use the NPV function to verify your answer from part (a). (2 Points). 1. Problem One: Fiterman Manufacturing expects to receive $25,000 at the end of each year, for the next 5 years. The nominal interest rate is 3.75%. As shown in class, (a) use the Annuity Discount Formula to compute the present value of these future cash flows, (b) verify your answer by using the PV function in Excel, (c) if The Federal Reserve decides to lower the nominal interest rate to 3.25%, repeat the computations from part (a), and (b) accounting for the change in interest rate