An insurance company must make payments to a customer of $9 million in 1 year and $5 million in 6 years. The yield curve is flat at 7%.

A)f it wants to fully fund and immunize its obligation to this customer with asingleissue of a zero-coupon bond, what maturity bond must it purchase?(Do not round intermediate calculations. Round your answer to 4 decimal places.)

B)What must be the face value and market value of that zero-coupon bond?(Do not round intermediate calculations.Enter your answers in millions rounded to 2 decimal places. Omit the "$" sign in your response.)