An investor has asked for your help with the following time value of money applications. (Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.) Required: a. What is the present value of $58,000 to be received in six years using a discount rate of 14% ? (Round your answer to 1 decimal place.) b. How much should be invested today at a return on investment of 14% compounded annually to have $58,000 in six years? (Round your answer to 1 decimal place.)