6. Determine the present value of an annuity due of 54000 per year for 8 years discounted back to the present at an annual rate of 8 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 14 percent? (9 marks) PART B 1. B. J. Gautney Enterprises is evaluating a security. Calculate theinvestment's expected return and its standard deviation. (15 marks) Probability Return 0.20 -5% 0.35 4% 0.25 5% 0.20 9%