5) An investment states that it will pay $1,750,000 each year for seven years. If due to the risk, you will not accept a rate of return on this investment of less than 8%, what is the amount that you would be willing to invest in present dollars?

6) If an investment pays $500,000 in year 1, $1,750,000 in Years 2 through 6 and $3,000,000 in Year 7 and the minimum rate of return that you will accept is 8%, what is the amount that you would be willing to invest in present dollars?