George Penny will receive $$29,500$ for the next $10$ years as a payment for a slogan he coined. Currently a $13$ percent discount rate is appropriate: $($Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.$)$

a$-1.$ Calculate the present value.

Present value

$

a$-2.$ Should he be willing to sell his future rights now for $$246,000?$

Yes

No

b$-1.$ Calculate the present value if the payments will be made at the beginning of the year.

Present value

$

b$-2.$ Should he be willing to sell his future rights now for $$246,000,$ if payments will be made at the beginning of the year?