In 2015, an investor has an endowment of $100 which he can invest either in a bond or in a new factory being set up. The bond pays interest of 30% per year compounded yearly, for 3 years, starting from 2016. In the last year, it pays back the initial principal amount as well. The new factory project gives a fixed real income return of $100 every year for the next 3 years. Assume that the investor ignores the initial investment of $100 to calculate the present value of his returns and the nominal discount rate for both of the investment options is 30%. The price levels for years 2015 to 2018 are given in the table below, Year Price Level (Pt) 2015 1.03 2016 1.09 2017 1.12 2018 1.15 The real present value for the returns from the new factory project (V/) is $| 0 (Round your answer to two decimal places.) The equation used for this calculation is The real present value for the returns from the bond is (vi) is $[ (Round your answer to two decimal places.)