Payton Corporation will make an investment April 1, 2022. They will receive $9,000 every March 31 for the next six years (2023-2028). If Payton wants to earn 10% on the investment, how much should they invest on April 1, 2022? Frontier Landscaping owns some equipment that is used in their operations. Management estimates that the equipment will last another three years and will generate the following future cash flows at the end of each year. Year 1 $4,000 Year 2 $6,000 Year 3 $7,000 Calculate the present value of the machine's future cash flows given a discount rate of 6%.