Information on a prospective investment for Wells Financial Services is given below.

TABLE:

Period 1 2 3 4

Loan funds available. 2,900 6,900 4,100 4,900

Investment Income ($ of previous period's investment)

110% 112% 113%

Maximum investment 4,600 7,900 5,900 7,400

Payroll payment 100 120 150 100

In each period, funds available for investment come from two sources: loan funds and income from the previous period's investment. Expenses, or cash outflows, in each period must include repayment of the previous period's loan plus 8.5% interest and the current payroll payment. In addition, to end the planning horizon, investment income from period 4 (at 110% of the investment) must be sufficient to cover the loan plus interest from period 4. The difference in these two quantities represents net income and is to be maximized. How much should be borrowed and how much should be invested each period?

(Let L1 = loan amount in period 1, L2 = loan amount in period 2, L3 = loan amount in period 3, L4 = loan amount in period 4, I1 = investment amount in period 1, I2 = investment amount in period 2, I3 = investment amount in period 3, and I4 = investment amount in period 4. Round your answers to the nearest whole number.

(L1, L2, L3, L4, I1, I2, I3, I4) = ___________