1. You have accumulated some money for your retirement. You are going to withdraw $50,302 every year at the end of the year for the next 16 years. How much money have you accumulated for your retirement? Your account pays you 15.84 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.

Round the answer to two decimal places.

2. ACE's shaker table costs $150,000. Its operating and maintenance costs are $2,500 annually and it has a salvage value of $30,000 after 10 years. At the end of years 4 and 8, it requires preventive maintenance at costs of $20,000 and $10,000 respectively. At the end of year 5, it must be overhauled at a cost of $35,000. Assuming a MARR of 10%, what annual value should ACE put in its budget forecast to represent the annualized cost of the shaker table (nearest dollar)?