Question 1: You want to invest for your child's college education and you estimate that college will cost $85,000 in 17 years. How much do you need to invest today if you can earn 4 percent compounded annually? (1 Point) $29,523 $37,022 S43,637 545,382 None of the above is correct. Question 2: (1 Point) Sandra's Shoes paid $1,570 in loan interest and $1,230 in loan principal during the year. No new funds were borrowed. The depreciation expense for the year is $1,320, and the firm owes $8,860 in taxes for the year. What is the operating cash flow for the year if the firm has earnings before interest and taxes of $29,800.7 $22,260 $21,450 $20,940 $20,690 $19,620