Q4 You are considerine purchasing a restaurant franchise. You have projected that the franchise will earn $110.000 in profits the first year, and that those profits will grow 13.4% per year for the next 4 years, 6.4% Present Valus per year for the 5 years after that, and 3.7% per year for every sibsequent year. You also project that you will Cashillews seored 5 out of 5 own the franchise for a total of 40 vears, at which point you will be able to sell it for $6,890,000. If you need the investment to return at least an 8.6%, what is the most you will be willing to pay for the franchise? finalfuswer (20 points total) You are starting to plan for your eventual retirement, and you've decided you would like to retire in 16 years. Your goal is to be able to provide yourself with a $215,000 real annual income for 25 years at that point. To achieve this goal you plan to make equal sized deposits at the beginning of each month until you retire, starting today. You assume that you will be able to earn an 8.3% return until retirement, and a 5.3% return during retirement. You also assume that inflation will be 3.1% per year. How much will you need to save each month to reach your goal? During retirement you will withdrawal your income at the start of the year. (20 points total) Q4 You are considerine purchasing a restaurant franchise. You have projected that the franchise will earn $110.000 in profits the first year, and that those profits will grow 13.4% per year for the next 4 years, 6.4% Present Valus per year for the 5 years after that, and 3.7% per year for every sibsequent year. You also project that you will Cashillews seored 5 out of 5 own the franchise for a total of 40 vears, at which point you will be able to sell it for $6,890,000. If you need the investment to return at least an 8.6%, what is the most you will be willing to pay for the franchise? finalfuswer (20 points total) You are starting to plan for your eventual retirement, and you've decided you would like to retire in 16 years. Your goal is to be able to provide yourself with a $215,000 real annual income for 25 years at that point. To achieve this goal you plan to make equal sized deposits at the beginning of each month until you retire, starting today. You assume that you will be able to earn an 8.3% return until retirement, and a 5.3% return during retirement. You also assume that inflation will be 3.1% per year. How much will you need to save each month to reach your goal? During retirement you will withdrawal your income at the start of the year. (20 points total)