cost of the equipment is $$682,000.$ The company expects that the equipment will produce steady income throughout its $10-$year life.

a$.$ If Sleek Ring requires a $8\%$ return on its investment, what minimum yearly cash inflow will be necessary for the company to go forward with this project?

b$.$ How would the minimum yearly cash inflow change if the company required a $13\%$ return on its investment?

a$.$ If Sleek Ring requires a $8\%$ return on its investment, the minimum yearly cash inflow will be $$,($Round to the nearest cent.$)$