Question 17 (1 point) Listen You want to purchase a new piece of equipment for your business. You believe the new equipment will increase your cash flows by $35,000 per year for 10 years. What is the present value of these cash flows if your interest rate is 8%? Enter your answer rounded to 2 decimal places, ex. 45,635,81, no dollar sign. Your Answer: Answer Question 18 (1 point) Listen You estimate you will need $180,000 for your child's college education in 12 years. How much would you need to put into an investment account at the end of each year if you assume you can earn 9% on your investment annually? Enter your answer rounded to 2 decimal places, ex. 45,635,81, no dollar sign. Your Answer: Answer