1. Find the present value of the following cash flow stream if the discount rate is 7.9%: CF1 = 28, CF2 = 43, CF3 = 49, CF4 = 62. The cash flows are received at the end of each year. Round to the nearest $0.01 (e.g., if your answer is $175.386, record it as 175.39). Please show work.
2. You deposit $8.4 thousand at the end of every six months for the next 7 years into an IRA account that earns 7.6% annually (compounded semiannually). How much will you have on the account after making the last deposit? Express the answer in $ thousands, round to the nearest $0.1 thousand. E.g., if your answer is $42,576, record it as 42.6. Please show work.