Intel Corporation is a leading manufacturer of integrated circuits. In 2011, Intel generated profits at a continuous rate of billion dollars per year based on a total revenue of billion dollars.1 Assume the interest rate was per year compounded continuously.

(a) What was the present value of Intel's profits over the 2011 one-year time period? Round your answer to two decimal places. ______billion dollars

(b) What was the value at the end of the year of Intel's profits over the 2011 one-year time period? Round your answer to two decimal places. ______billion dollars