please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank you

1 SONY needs $24,034,142 for a new sound studio facility to be constructed 10 years from now. The company currently has $5,000,000 to invest in such capital expenditures. At what rate of interest must it invest the $5,000,000 to fund construction of the new facility? (Round to the nearest whole percentage

2. Suppose Merck & Co., Inc. decided to restructure the final development plans surrounding its new research and development facility for completion in 12 years from now. The company has decided to deposit into its Citicorp account $1,924,647, earning 8% annually, at the end of the fourth through 12^th years from today. What value would Merck & Co., Inc. have accumulated at the end of the 12^th year?