Time Value of Money: a) If a project costs $74,000, will earn $24,000 per year for the next four years, and has a discount rate of 5%, what is the Net Present Value? b) What is the present value of an annuity due with a payment of $500 per year at an interest rate of 9% for 15 years?

Correctly show the formula for each calculation.

Clearly show your work for each calculation.

Make sure to clearly show the answer.

Please provide a table to show the values and calculations. Reading handwriting can be difficult.