Venture Present Values - The TecOne Corporation is about to begin producing and selling its prototype product. Annual cash flows for the next five years are forecasted as (see image shown below) - please help answering part A and part B:

YEAR CASH FLOW 50,000 20,000 $100,000 400,000 $800,000 me annual cash flows are expected to remain at the $800,000 level after Year 5 (i.e, Year 6 and thereafter). If TecOne investors wa venture's present value. nt a 40 percent rate of return on their investment, calculate the B. Now assume that the Year 6 cash flows are forecasted to be $900,000 in the stepping-stone year and are expected to grow at an 8 percent compound annual rate thereafter. Assuming that the investors still want a 40 percent rate of return on their investment, calculate the venture's presen n their investment, calculate the venture's present value