An owner can lease her building for $150,000 per year for three years. The explicit cost of maintaining the building is $50,000, and the implicit cost is $65,000. All revenues are received, and costs borne, at the end of each year. If the interest rate is 7 percent, determine the present value of the stream of:

Instructions:Do not round intermediate calculations. Round your final calculation to two decimal places.

a. Accounting profits.

$

b. Economic profits.

$