Date Assigned: Friday, February 15, 2019 Date Due: Wednesday, February 20, 2019 before class. No late homework will be accepted. Homework 7 Please notice that all work must be shown in a professional way with attention to detail No credit will be given for incomplete or disorderly work Please use a cover letter stating your name, course number, date due, and homework number Unstapled homework will not be collected as this is part of the assignment All work must be individual with emphasis on numerical accuracy Please use Excel to solve all problems as shown in class . Problem One: Inlet Manufacturing expects to receive $25,000 at the end of each year, for the next 5 years. The nominal interest rate is 3.75%. As shown in class, (a) use the Annuity Discount Formula to compute the present value of these future cash flows, (b) verify your answer by using the PV function in Excel 1. Problem Two: Tesla Motors expects to receive $1,250,000 at the end of each year, for the next 10 years. The nominal interest rate is 4.25%. As shown in class, (a) use the Annuity Discount Formula to compute the present value of these future cash flows, (b) verify your answer by using the PV function in Excel. 2