An owner can lease her building for around $120,000 per year for three years. The explicit cost of maintaining this building is $40,000 and the implicit cost is $55,000. All revenues are received and costs borne at the end of each year. If the interest rate is 5 percent, determine the present value of the stream of.

DO NOT ROUND INTERMEDIATE CALCULATIONS. ROUND THE CALCULATIONS TO TWO DECIMAL PLACES.

A. Accounting Profits $_____________

B. Economic Profits $_______________