Please solve the following.

Required information [The following information applies to the questions displayed below.] The state's Secretary of Education is considering the purchase of a new computer for $52,000. A cost study indicates that the new computer should save the Department of Education $26,000, measured in real dollars, during each of the next eight years. The real interest rate is 20 percent and the inflation rate is 10 percent. As a governmental agency, the Department of Education pays no taxes. Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare a schedule of cash flows measured in real dollars. Include the initial acquisition and the cost savings for each of the next eight years. (Round "Discount Factor" to 3 decimal places. Negative amounts should be indicated by a minus sign.) Answer is complete and correct. Discount Cash Factor Year Flow (real Present in Real interest Value Dollars rate = 0.20) 0 $ (52,000) 1.000 $ (52,000) 1 26,000 0.833 21,658 2 26,000 0.694 18,044 3 26,000 0.579 15,054 4 26,000 0.482 12,532 5 26,000 0.402 10.452 6 26,000 0.335 8,710 7 26,000 0.279 7.254 8 26,000 0.233 6,058 2. Using cash flows measured in real dollars, compute the net present value of the proposed computer. Use a real discount rate equal to the real interest rate. Net present value Required: 1. Compute the nominal interest rate. (Enter your answer as a decimal not as a percentage (e.g., enter 12% as 0.12).) Nominal interest rate 2. Prepare a schedule of cash flows measured in nominal dollars. Use a nominal discount rate equal to the nominal interest rate. (Negative amounts should be indicated by a minus sign. Round the "Price Index" to 4 decimal places, the "Discount Factor" to 3 decimal places, and other answers to the nearest dollar amount.) Cash Flow Cash Flow in Price Index Discount Year Nominal Present in Real Dollars Factor Value Dollars 2 3 4 5 6 7 8 3. Using cash flows measured in nominal dollars, compute the net present value of the proposed computer. Use a nominal discount rate equal to the nominal interest rate. (Round your answer to the nearest dollar amount.) Net present value