Carrie Tune will receive $24,000 a year for the next 25 years as payment for a song she has just written. If a present 13 percent discount rate is applied: Use Appendix D. (Round "PV Factor" to 3 decimal places. Round the final answers to the nearest whole dollar.)

a-1. Calculate the present value.

a-2. Should she be willing to sell out her future rights now for $174,000?

b-1. Calculate the present value if the payments will be made at the beginning of each year.

b-2. Would she be willing to sell her future rights now for $174,000, if the payments will be made at the beginning of each year?