I answered 1, 2, and 3 I need question 4 so please pay attention to the consigne. I post the same question and they answered the wrong question and I am on my last question for this subscription period so please!

1. An investment opportunity has just made a payoff of $2,000. The payoff is expected to grow by 4.60% per year indefinitely. The required rate of return on the asset is 14% per year. Calculate the value of the asset today? * The value of the asset today: - 2,000X(1+4.6%)=2,092 * =2,092/(14%4.6%)=15,663.37 2. An investment opportunity is not expected to have any cash inflows for the coming seven years. At the end of year eight, its expected cash flow is $2,866.05 and that is expected to grow by 4.60% per year in perpetuity. The required rate of return on the investment is 14% per year. Calculate the fair market value of the asset. * The fair market value of the asset: - V8=( Cash flow X Grow rate )/(RRR - Grow rate ) - =(2,866.05X1.0460)/(0.140.0460)=31,892.43 =2,866.05/1.148+31,892.43/1.148=12,184.90 3. A growing 7-year annuity just paid $2,000 and is expected to grow at 4.60% per year. How much will you be willing to pay for this annuity today if you require 14% per year rate of return on it? * Present Value: - PV= Payment /RRR Growth rate [1((1+GR)/(1+RRR))y] - =(2000X(1+4.60%))/(0.140.0460)[1((1+4.60%)/(1+14%))7] - =13,070.89 4. Starting with the fact that the $2,866.05 in question 2 is actually.the $2,000 in question 1 grown at the 4.6% growth rate for eight years, reflect on the previous three problems and try to find the commonalities and any relationship among them. Now take the answers to the first two and compare them to the answer of the third. Can you see how they relate to one another? Can you explain why