Durran has recently acquired a rare art piece that he plans to put on display in his private collection. He estimates that revenues generated from donations and admissions tickets to see the new exhibit will be $15,000 per year for the next five years. If he requires a rate of return of 9%, how much are the expected cash flows worth for him today? Round to two decimal places.

This is what I need: Show answers using the BA II Plus calculator (N, I/Y, PV, PMT, and FV)

(i) Develop the timeline (linear representation of the timing of cash flows)

(ii) Identify the time value of money variable which needs to be calculated in the question.

(iii) Identify the values of the remaining four variables (PV, FV, PMT, N or Rate) from the question. Be sure to input positive or negative signs.

(iv) Calculate the correct value of the variable identified in step (ii).