A project has an initial cost of $70,000, expected net cash inflows of $15,000 per year for 11 years, and a cost of capital of 14%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.

One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 6.1% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 14 years to maturity?

How much would $1, growing at 8.4% per year, be worth after 75 years?