1. An investment has a cost of $4000. The investment will have a payout of X at the end of the first year. This initial payout X will grow at the rate of 14% per year for the next 3 years, then by 8% per year for the next 3 years, and then at the rate of 5% per year for the following 2 years. You believe the riskiness of this investment is 10%.
   1. Calculate the smallest X that would entice you to invest.