Virginia will receive $2 million today and $3 million one year from today. Virginia does not have any other assets. There are no transaction costs or taxes, and all potential creditors and investors have all relevant information about investment payoffs. All these assumptions together are sometimes summarized by saying the capital markets are "perfect." In addition, assume that all future cash flows are known with certainty. For simplicity, assume that Virginia lives in a world that lasts only one year, and the rate of interest is 6 percent. 1. What is Virginia's current wealth (equivalently, what is the present value of her assets)? How much money can she spend and consume today? How much of the money can she spend and consume one year from today if she consumes nothing today