You have two assets and must calculate their values today based on their payment streams and required returns. Asset $1$ has a required return of $11\%$ and will produce a stream of $$$$400$ starting at year $1$ and continuing indefinitely. Asset $2$ has a required return of $7\%$ and will produce an$$ end$-$of$-$year cash flow of $$$$1$ comma $200$ in $1$ year, $ $1$ comma $300$ in $2$ years, and $$$$600$ in $3$ years.

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Part $1$

The value of Asset $1$ today is $$$

$$

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