When Marilyn Monroe died, her ex-husband, Joe DiMaggio vowed to place fresh flowers on her grave every Sunday as long as he lived. The week after she died in 1962, a bunch of fresh flowers cost $7.00. "Joltin' Joe" is expected to live for 30 years after Marilyn's death EAR: 9.4% expected as a market rate of return Inflation of 3.5% per year (expressed as an EAR) 52 weeks in a year What is the present value of this commitment given that the first purchase will occur one week after her death?