Your retirement commences at the end of 10 years from now. At that time you plan on a pension of $30,000 per year to be paid at the end of the next 20 years after the year of retirement (i.e. at the end of years 11 to 30). How much do you need to save at the end of years 1 to 10 to fund this pension plan if the appropriate interest rate is 5% EAR? . $8,322 . $27,554 . $29,724 . $19,304 Your private equity firm has identified a turnaround opportunity. It is projected to generate FCFF to the firm of $12 million at the end of year 1, $42 million at the end of year 2, and $50 million at the end of year 3, after which FCFF is expected to grow at 4% per year forever after. What is the value of the firm if the appropriate discount rate is 11% per year? . $425 million . $398 million . $625 million $65 million