Case #1 Calculate the following: Determine the present value of an investment in equipment if it is expected to provide annual savings of $42,000 for 27 years and has a resale value of $11,900 at the end of that period. Assume an interest rate of 11% and the savings are realized at year-end. Show your final answer and show all the work to support your answer. Case #2 On January 1, 2021 the Kiner Co. issued three-year bonds with a face value of $58,300 and a stated interest rate of 8.5%. Interest is payable quarterly. The bonds were sold to yield (market rate) of 16%. Calculate the issues price of the bonds. Show your final answer and show all the work to support your answer. Prepare the bond amortization table