Fraser Company will need a new warehouse in eight years. The warehouse will cost $500,000 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 $500,000 available at the end of the eight-year period? Assume that the company can invest money at eight percent. Amount to be Invested 2. What lump-sum amount should the company invest now to have the $500,000 available at the end of the eight-year period? Assume that the company can invest money at thirteen percent. Amount to be Invested