Please solve using excel

18. You are considering an investment with a 3-year time horizon. At the end of the first year, you expect to receive a cash flow of $5,000 from this investment. During the remaining two years, the cash flows are expected to grow by 5% (each year). If your required rate of return is 10%, what is the present value of this investment? a) $15,762.50 b) $13,025.92 c) $17,337.50 d) $12,434.26 19. Consider the following cash flows. Years: CFs: The interest rate is 11%. 0 1 2 $0 $175 $0 3 4 $225 $300 What is the value of these cash flows at the end of year 4? a) $849.56 b) $559.63 c) $789.09 d) $519.80 20. A scholarship fund that will pay out $2,000 every quarter perpetually, was just established. The fund earns interest at 7.5% compounded quarterly (r4 = 7.5%). What is the present value of this scholarship fund? a) $106,666.67 b) $26,666.67 c) $108,666.67 d) $28,666.67