Novak Corporation, having recently issued a $20,048,700, 15-year bond issue, is committed to make annual sinking fund deposits of $617,700. The deposits are made on the last day of each year and yield a return of 10%. Click here to view factor tables Determine the amount of deficiency. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Deficiency $ LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO VIDEO Under the terms of his salary agreement, president Adams Walters has an option of receiving either an immediate bonus of $66,000, or a deferred bonus of $84,000 payable in 10 years. Click here to view factor tables Ignoring tax considerations and assuming a relevant interest rate of 4%, which form of settlement should Walters accept? Present value of deferred bonus