Peter is now 30 years old working at a Certified Public Accountants (CPA) firm as an Audit Manager. He wants to start his own CPA firm in 10 years and would like to have $2,500,000 in his investment account to fund the establishment of his new firm at that time. a. If Peter can earn 8% interest annually on his investment, how much money will he need to put into his investment account today to have $2,500,000 in 10 years? Show all your calculations. 3 marks b. Suppose that the price level will increase by 4% per year due to inflation and, currently the cost of establishing a new CPA firm is $2,500,000. All else the same, how much money will Peter need to put into his investment account today? Show all your calculations. 5 marks