Company A showed a profit of $1.3 million last year. The CEO of the company expects the profit to increase by 7% each year over the next 5 years and the profits will be continuously invested in an account bearing a 4.5% APR compounded continuously.

(a) Write the flow rate, R, of the income stream. (Let t represent the number of years after the company showed a profit of $1.3 million.) R(t) = _____________ million dollars per year (b) Calculate the 5-year future value. (Round your answer to three decimal places.) $ __________ million (c) Calculate the 5-year present value. (Round your answer to three decimal places.) $ __________ million