Janice would like to receive $15,820 each year for the next 5 years (first payment at the end of year 1). Then she hopes to receive $28,250 per year (starting at the end of year 6) for an additional 5 years. In total 10 payments. Assume an interest rate of 6%.

i. Find the present value of this cash flow stream. (5 marks)

ii. Find the future value of this cash flow stream