You are considering an annuity which costs $57700 today. The annuity pays $8200 a year. The rate of return is 8 percent. What is the length of the annuity time period? (Do not round intermediate calculations.)

rev: 07_11_2013_QC_32664, 07_12_2013_QC_32664

13.39 years

10.75 years

5.80 years

15.97 years

9.53 years

Hanna Co. is debating whether to purchase Mark, Inc. Hanna thinks that Mark can generate cash flows of $16,500, $12,500, and $17,700 over the next three years respectively. After that time, Hanna feels the business will be worthless. Hanna has determined that a rate of return of 9 percent is applicable to this potential purchase. What is Hanna willing to pay today to purchase Mark, Inc.?

$43,567.90

$39,326.26

$27,569.81

$36,634.45

NEED HELP ASAP PLEASE!!!!!