a$.$ If the appropriate discount rate is $12$ percent, what is the present value of this investment?

b$.$ Assume these investments sell for $$2,289$ in retum for which you receive $$5,000$ in $28$ years. What is the rate of return investors eam on this investment if they buy it for $$2,289?$

a$.$ If the appropriate discount rate is $12$ percent, the present value of this investment is $ $($Round to the nearest cent.$)$