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 6 % and will produce a stream of $800 starting at year 1 and continuing indefinitely. Asset 2 has a required return of 6% and will produce an end-of-year cash flow of $1300 in 1 year, $1400 in 2 years, and $600 in 3 years.

The value of Asset 1 today is

$

(Round to the nearest cent.)

Part 2

The value of Asset 2 today is

$

(Round to the nearest cent.)