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***Please show all of your work, thank you!*** 4. The Swell Computer Company has developed a new line of desktop computers. It is estimated that

image text in transcribed***Please show all of your work, thank you!***

4. The Swell Computer Company has developed a new line of desktop computers. It is estimated that the cash returns generated by the new product line will be $800,000 per year for the next five years, and then $500,000 per year for 3 years after that (the cash returns occur at the end of each year). At a 9% interest rate, what is the present value of these cash returns?

***Please show all of your work, thank you!***

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