Solve various time value of money scenarios. (Click the icon to view scenarios.) (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) (Click the icon to view the future value of $1 table.) (Click the icon to view the future value of annuity of $1 table.) Scenario 1. Daniel just hit the jackpot in Las Vegas and won $55,000. If he invests it now at a 14% interest rate, how much will it be worth in 20 years? (Round your answer to the nearest whole dollar.) Future value = $ Scenario 2. Roderick would like to have $4,000,000 saved by the time he retires in 40 years. How much does he need to invest now at a 12% interest rate to fund his retirement goal? (Round your answer to the nearest whole dollar.) Present Value = $ Scenario 3. Assume that Lillian accumulates savings of $1 million by the time she retires. If she invests this savings at 10%, how much money will she be able to withdraw at the end of each year for 20 years? (Round your answer to the nearest whole dollar and enter as a positive amount.) Amount able to withdraw = $ Scenario 4. Cathy plans to invest $4,000 at the end each year for the next eight years. Assuming a 12% interest rate, what will her investment be worth eight years from now? (Round your answer to the nearest whole dollar.) Future value = $ Scenario 5. Assuming a 6% interest rate, how much would Jennifer have to invest now to be able to $14,000 at the end of every year for the next ten years? (Round your answer to the nearest whole dollar. Present value = $ Scenario 6. Nick is considering a capital investment that costs $525,000 and will provide net cash inflows for three years. Using a hurdle rate of 8% find the NPV of the investment. (Round your answer to the nearest whole dollar. Use parenthesis or a minus sign to represent a negative NPV.) Net Present Value (NPV) = $ Scenario 7. What is the IRR of the capital investment described Question 6? The IRR is the interest rate at which the investment NPV = 0. We tried 8% in question 6, now we'll try 10% and calculate the NPV (Round your answer to the nearest whole dollar. Use parentheses or a minus sign to represent a negative NPV.) Net Present Value (NPV) = $ The IRR for the project is