Jerry wants to take the next three years off work to travel around the world. He estimates his annual cash needs at $$35,000.$ Jerry believes he can invest his savings at $6\%$ until he depletes his funds.Present value annuity at $6\%$ for $3$ years is $2\mathrm{.}6730($Present Value Interest Factors for a One$-$Dollar Annuity Discounted$)$Requirement:How much money does Jerome need now to fund his travels? Hints and Reference:Lecture and reading material of Capital Budgeting Part$-2$ and related MS excel file.