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a) What is annuity? Give one example. b) If Alpha Company expects cash inflows from its investment proposal it has undertaken in time period zero,

a) What is annuity? Give one example. b) If Alpha Company expects cash inflows from its investment proposal it has undertaken in time period zero, Tk. 3,50,000 and Tk. 3,00,000 for the first two years respectively and then expects annuity payment of Tk. 2,50,000 for the next eight years, what would be the present value of cash inflows, assuming a 11% rate of interest?

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