Homework: 5-2 MyFinanceLab Assignment Save Score: 0 of 4 pts 9 of 12 (8 complete) HW Score: 60%, 30 of 50 pts P5-19 (similar to) Question Help (Related to Checkpoint 5.4) (Present value) Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $375,000 due in 30 years. In other words, they will need $375,000 in 30 years. Toni Flanders, the company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's stock. If the appropriate discount rate is 9 percent, what is the present value of the liability? (Round to the If the appropriate discount rate is 9 percent, the present value of the $375,000 liability due in 30 years is $ nearest cent.) P5-20 (similar to) Question Help (Related to Checkpoint 5.6) (Solving for i) Lance Murdock purchased a wooden statue of a Conquistador for $7,300 to u in his home office 6 years ago. Lance has recently married, and his home office is being converted into a sewing room. His new wife, who has far better taste than Lance, thinks the Conquistador is hideous and must go immediately. Lance decided t sell it on e-Bay and only received $5,100 for it, and so he took a loss on the investment. What was his rate of return, that is, the value of i? What was Lance Murdock's rate of return, that is, the value of ? Enter a negative percentage for a loss. % (Round to two decimal places.)