Fraser Company will need a new warehouse in eight years. The warehouse will cost $410,000 to build.

Use Excel or a financial calculator to solve. Round answers to the nearest dollar.

Required:
1.	What lump-sum amount should the company invest now to have the $410,000 available at the end of the eight-year period? Assume that the company can invest money at twelve percent.

2.	What lump-sum amount should the company invest now to have the $410,000 available at the end of the eight-year period? Assume that the company can invest money at thirteen percent.